EARNINGS MANAGEMENT PRECEDING MANAGEMENT BUYOUT OFFERS

被引：161

作者：

PERRY, SE

WILLIAMS, TH

机构：

[1] UNIV VIRGINIA,SCH COMMERCE,CHARLOTTESVILLE,VA 22903

[2] UNIV WISCONSIN,SCH BUSINESS,MADISON,WI 53706

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 1994年 / 18卷 / 02期

关键词：

CONTRACTING; EARNINGS MANAGEMENT; ACCRUALS; MANAGEMENT BUYOUTS;

D O I：

10.1016/0165-4101(94)00362-9

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

There are frequent expressions of concern in the accounting, economics, and legal literature about managers' conflicting duties and incentives in management buyouts. This study is motivated by a concern about the managerial incentive to reduce reported earnings prior to the announcement of the buyout proposal. Our analysis of a sample of 175 management buyouts during 1981-88 provides evidence of manipulation of discretionary accruals in the predicted direction in the year preceding the public announcement of management's intention to bid for control of the company.

引用

页码：157 / 179

页数：23

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