haku: @author Suh, Y. S. / yhteensä: 2
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| Tekijä: | Suh, Y. S. |
| Otsikko: | Communication and income smoothing through accounting method choice. |
| Lehti: | Management Science
1990 : JUN, VOL. 36:6, p. 704-723 |
| Asiasana: | ACCOUNTING SYSTEMS INFORMATION ECONOMICS AGENCIES DISCLOSURE |
| Kieli: | eng |
| Tiivistelmä: | It is shown how accounting income smoothing could arise as rational equilibrium behaviour. A two-period agency model is developed in which an agent obtains private information regarding future productivity of the operation. Direct communication of the agent's private signal yields a strict Pareto improvement over no-communication since it allows the agent to achieve signal-contingent interperiod consumption smoothing. Delegation of accounting method choice to the agent is shown to be an alternative mechanism to direct communication. |
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