Earnings quality research: Advances, challenges and future research

• 成果类型: Article
• 署名作者: DeFond, Mark L.
• 署名单位: University of Southern California
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2010.10.004
• 发表日期: 2010
• 关键词: CORPORATE GOVERNANCE; independent auditors; INTERNAL CONTROL; accruals; management; MARKET; incentives; income; conservatism; STANDARDS

摘要

This discussion makes several observations regarding the earnings quality research reviewed in Dechow, Ge and Schrand (2010) (DGS). I discuss some of the factors that led to the large growth in the earnings quality literature over the past two decades, and note a few of the important contributions from this literature. I also present what I view as several major challenges the literature faces as well as some avenues for future research. In addition, I discuss the difficulties in evaluating such a diverse body of literature, and comment on DGS's major conclusions. (C) 2010 Elsevier B.V. All rights reserved.