Earnings asymmetric timeliness and shareholder distributions
We study whether more asymmetrically timely earnings constrain payouts to shareholders in the presence of bad news. Our goal is to provide evidence on the ex post contracting benefits of accounting conservatism. We distinguish between cash flow asymmetric timeliness and accrual asymmetric timeliness...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5336 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6335/viewcontent/SSRN_id1157547.pdf |
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| Institution: | Singapore Management University |
| Language: | English |