作者：Drymiotes, George; Hemmer, Thomas
作者单位：University of Cyprus; Rice University
摘要：In this paper we explore the role of accruals in determining earnings quality from both a stewardship and a valuation perspective. We show that the valuation and stewardship qualities of accrual accounting are maximized by either an aggressive or a conservative accrual strategy. Furthermore, accrual strategy choices can be delegated to management as it does not benefit by implementing a strategy that is not in the best interests of the shareholders. We also investigate the implications of accr...
