search query: @journal_id 56 / total: 1032
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| Author: | Christensen, T. E. Hoyt, R. E. Paterson, J. S. |
| Title: | Ex ante incentives for earnings management and the informativeness of earnings |
| Journal: | Journal of Business Finance and Accounting
1999 : SEP/OCT, VOL. 26:7-8, p. 807-832 |
| Index terms: | Earnings Incentives Insurance Uncertainty United Kingdom Europe |
| Language: | eng |
| Abstract: | The relation btw. ex-ante incentive of insurance managers to engage in earnings management to meet regulatory standards and the informativeness of earnings is examined. Results from a sample of 375 quarterly earnings announcements of 41 property and liability insurers during the period from 1989 to 1992 support the hypothesis that when managers' incentives for earnings management are high, earnings announcements are less informative to investors. Robustness tests suggest that the results are not attributable to firm size, time period effects, firm effects, accounting estimation error, or financial distress risk. |
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