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- Publisher Website: 10.1016/S0165-4101(97)00004-9
- Scopus: eid_2-s2.0-0031187968
- WOS: WOS:A1997XM89300002
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Article: Smoothing income in anticipation of future earnings
Title | Smoothing income in anticipation of future earnings |
---|---|
Authors | |
Keywords | Accruals Contracting Income Smoothing Job Security |
Issue Date | 1997 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jae |
Citation | Journal Of Accounting And Economics, 1997, v. 23 n. 2, p. 115-139 How to Cite? |
Abstract | Recent theory argues that concern about job security creates an incentive for managers to smooth earnings in consideration of both current and future relative performance. We find support for this theory. Our evidence suggests that when current earnings are 'poor' and expected future earnings are 'good', managers 'borrow' earnings from the future for use in the current period. Conversely, when current earnings are 'good' and expected future earnings are 'poor' managers 'save' current earnings for possible use in the future. However, sensitivity analysis indicates that we cannot rule out selection bias as a potential alternative explanation for our findings. |
Persistent Identifier | http://hdl.handle.net/10722/177858 |
ISSN | 2023 Impact Factor: 5.4 2023 SCImago Journal Rankings: 8.337 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Defond, ML | en_US |
dc.contributor.author | Park, CW | en_US |
dc.date.accessioned | 2012-12-19T09:40:35Z | - |
dc.date.available | 2012-12-19T09:40:35Z | - |
dc.date.issued | 1997 | en_US |
dc.identifier.citation | Journal Of Accounting And Economics, 1997, v. 23 n. 2, p. 115-139 | en_US |
dc.identifier.issn | 0165-4101 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177858 | - |
dc.description.abstract | Recent theory argues that concern about job security creates an incentive for managers to smooth earnings in consideration of both current and future relative performance. We find support for this theory. Our evidence suggests that when current earnings are 'poor' and expected future earnings are 'good', managers 'borrow' earnings from the future for use in the current period. Conversely, when current earnings are 'good' and expected future earnings are 'poor' managers 'save' current earnings for possible use in the future. However, sensitivity analysis indicates that we cannot rule out selection bias as a potential alternative explanation for our findings. | en_US |
dc.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jae | en_US |
dc.relation.ispartof | Journal of Accounting and Economics | en_US |
dc.subject | Accruals | en_US |
dc.subject | Contracting | en_US |
dc.subject | Income Smoothing | en_US |
dc.subject | Job Security | en_US |
dc.title | Smoothing income in anticipation of future earnings | en_US |
dc.type | Article | en_US |
dc.identifier.email | Park, CW: acparkc@hku.hk | en_US |
dc.identifier.authority | Park, CW=rp01090 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/S0165-4101(97)00004-9 | - |
dc.identifier.scopus | eid_2-s2.0-0031187968 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0031187968&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 23 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 115 | en_US |
dc.identifier.epage | 139 | en_US |
dc.identifier.isi | WOS:A1997XM89300002 | - |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | DeFond, ML=6602107693 | en_US |
dc.identifier.scopusauthorid | Park, CW=37062708100 | en_US |
dc.identifier.issnl | 0165-4101 | - |