Endogenous expectations

• 成果类型: Editorial Material
• 署名作者: Demski, JS
• 署名单位: State University System of Florida; University of Florida
• 刊物名称: ACCOUNTING REVIEW
• ISSN/ISSBN: 0001-4826
• DOI: 10.2308/accr.2004.79.2.519
• 发表日期: 2004
• 页码: 519-539
• 关键词: VALUE-RELEVANCE; earnings management; FORECAST REVISIONS; INFORMATION; Auditors; disclosure; EFFICIENCY; accruals; QUALITY; errors

摘要

I selectively survey the use of expectations in accounting research. While expectations are central to modeling work and essential in empirical documentation, we tend to rely on largely exogenous expectations, as opposed to closing the analysis with aggressive identification of information sources and an explicit equilibrium argument.