Marking to market and inefficient investment decisions
We examine how mark-to-market accounting affects the investment decisions of managers with reputation concerns. Reporting the current market value of a firm’s assets can help mitigate agency problems because it provides outsiders (e.g., shareholders) with new information against which the management...
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2018
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| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/5393 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6392/viewcontent/Marking_to_market_wp.pdf |
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