Asymmetric Timeliness of Earnings and Shareholder Distributions

Asymmetric Timeliness of Earnings 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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Bibliographic Details
Main Authors: Frankel, Richard, Sun, Yan, WANG, Rong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
Asymmetric timeliness
shareholder distributions
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/lkcsb_research_smu/81
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1080&context=lkcsb_research_smu
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research_smu/81
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1080&context=lkcsb_research_smu

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