Why "Democracy" and "Drifter" Firms can have Abnormal Returns: The Joint Importance of Corporate Governance and Abnormal Accruals in Separating Winners from Losers

• المؤلف الرئيسي: KEE, Koon Boon
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2010
• الموضوعات: corporate governance; abnormal accruals; earnings quality; accruals anomaly; returns predictability; special items; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/etd_coll/54; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1053&context=etd_coll

Do managers exercise accounting discretion in an opportunistic or efficient manner? Good governance structures, which mitigate agency costs, are necessary to ensure that the accounting information supplied by management is not opportunistically manipulated. The output of quality accounting informati...