haku: @author Klassen, K. J. / yhteensä: 2
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| Tekijä: | Klassen, K. J. |
| Otsikko: | The impact of inside ownership concentration on the trade-off between financial and tax reporting |
| Lehti: | Accounting Review
1997 : JUL, VOL. 73:3, p. 455-474 |
| Asiasana: | FINANCIAL REPORTING TAXATION REPORTING COMPANY OWNERSHIP |
| Kieli: | eng |
| Tiivistelmä: | This article investigates the relative importance of a firm's external reporting relations on managers' economic decisions. Managers frequently encounter situations involving a trade-off between financial reporting and tax reporting incentives. If there is little separation between owners and managers, managers face less pressure to signal their value to capital markets or have less ability to conceal any excessive perquisite consumption. In this paper, capital market pressure is captured by the inside ownership concentration of the firm. Firms with more highly concentrated ownership structures are assumed to be able to communicate the firm's value more easily through methods other than financial reporting and have greater market monitoring. Financial reporting cost is lower for these firms. |
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