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| Author: | Hall, S. Stammerjohan, W. |
| Title: | Damage awards and earnings management in the oil industry |
| Journal: | Accounting Review
1997 : JAN, VOL. 72:1, p. 47-65 |
| Index terms: | ACCOUNTING EARNINGS REPORTING |
| Language: | eng |
| Abstract: | This paper examines the relationship between the incidence of litigation events with potentially large damage awards and managers' accounting choices. The authors argue that the size of damage awards is a function of reported net income and net worth, and that this relationship provides management an incentive to manipulate accounting numbers. The results indicate that managers of oil firms facing potentially large damage awards choose income decreasing non-working capital accruals relative to managers of other oil firms. |
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