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• Does the use of financial derivatives affect earnings management decisions? AI翻译
  作者：Barton, J
  作者单位：Emory University
  摘要：I present evidence consistent with managers using derivatives and discretionary accruals as partial substitutes for smoothing earnings. Using 1994-1996 data for a sample of Fortune 500 firms, I estimate a set of simultaneous equations that captures managers' incentives to maintain a desired level of earnings volatility through hedging and accrual management. These incentives include increasing managerial compensation and wealth, reducing corporate income taxes and debt financing costs, avoidin...
• The association between auditor litigation and abnormal accruals AI翻译
  作者：Heninger, WG
  作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
  摘要：Concern that earnings management erodes the quality of financial reporting has prompted the Securities and Exchange Commission to question the role of the external auditor. To help address that concern, this study examines the relation between earnings management and auditor litigation. While prior research on the relation between auditor litigation and total accruals has yielded inconclusive results, I find that the risk of auditor litigation is positively associated with a sharper measure of...