MOVING FROM VOLATILITY TO VALUE: ANALYZING AND MANAGING FINANCIAL AND ECONOMIC RISK

摘要

Earnings management has become an issue of critical importance in today's financial markets, receiving wide publicity by the press and scrutiny from the Securities Exchange Commission (SEC) and Financial Accounting Standards Board (FASB). Earnings management is the intentional misstatement of earnings that would have been different in the absence of any manipulation. In general, earnings management is considered to be when managers make decisions not for strategic reasons but solely to change earnings.1