Investors Behavior, Governance and Earnings Management: Under and over Reaction to Information
نویسندگان
چکیده
منابع مشابه
Earnings management and firm valuation under asymmetric information
This paper seeks to provide an explanation for why corporate officers manage the disclosure of accounting information. We show that earnings management affects firm value when value-maximizing managers and investors are asymmetrically informed. In equilibrium, the strategic management of reported earnings influences investors' assessments of the market values of companies' shares.
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ژورنال
عنوان ژورنال: International Journal of Finance & Banking Studies (2147-4486)
سال: 2016
ISSN: 2147-4486
DOI: 10.20525/.v3i3.189