Title:	Accounting Discretion, Corporate Governance, and Firm Performance
Authors:	ROBERT M. BOWEN, SHIVARAM RAJGOPAL, MOHAN VENKATACHALAM
Keywords:	Accounting Discretion, Corporate Governance
Issue Date:	2008
Description:	In this paper, we explicitly consider efficient contracting as a plausible alternative hypothesis and investigate whether accounting discretion is explained largely by efficient contracting or by managerial opportunism. In the first-stage tests, we assess the relation between an index of accounting discretion (composed of absolute abnormal accruals, earnings smoothing through accruals, reporting small positive surprises) and proxies for efficient contracting and governance variables. Similar to prior research, we find associations between poor governance quality and accounting discretion.
URI:	http://196.189.45.87:8080/handle/123456789/105211
Appears in Collections:	Accounting and Finance

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.