Why Do Firms Smooth Earnings

By Anand M. Goel, Anjan V. Thakor. 2000

277 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4bcac5b78baf0c8f8baa72950d9605cbbd70b89c

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Citations in the corpus

Earnings and Capital Management in Alternative Loan Loss Provision Regulatory Regimes (2006, background): “management practices may contribute to the enhancement of market efficiency or, conversely, to the distortion of investors’ decisions, rendering them less efficient (Goel and Thakor, 2003).”
Corporate Social Responsibility, Investor Protection, and Earnings Management: Some International Evidence (2008, background): “To explain, managers may choose to smooth earnings to lower earnings volatility and, in so doing, convey more valuable, more relevant information to uninformed investors (Fukui, 2000; Goel and Thakor, 2003).”
Bank Income Smoothing, Ownership Concentration and the Regulatory Environment (2014, background): “sons why managers engage in such income smoothing (see Goel and Thakor (2003) and Laeven and Majnoni (2003)), such as the desire to positively affect the risk perception of the bank by decreasing the volatility of its earnings (Greenawalt and Sinkey (1988)), to avoid regulatory constraints or accoun”
EARNINGS MANAGEMENT, INVESTOR PROTECTION, AND NATIONAL CULTURE (2007, background): “In this section, we conjecture on the possible links between Hofstede’s (1980) cultural dimensions and earnings management.”
Earnings Smoothness, Average Returns, and Implied Cost of Equity Capital (2010, unknown): “INTRODUCTION In an influential survey article, Graham et al. (2005) report that corporate executives express a strong desire to report smooth earnings paths, holding cash flow volatility constant.”
Earnings Management and Corporate Governance in Asia's Emerging Markets (2007, unknown): “If firm size can be used as a proxy for information asymmetry and earnings management is measured by earnings smoothing, managers may choose to smooth earnings to lower earnings volatility and, in so doing, convey more valuable, more relevant information to uninformed investors (Fukui, 2000; Goel an”
Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes (2008, background): “managers may smooth earnings to increase firm’s share prices by reducing the potential loss shareholders may suffer when they trade for liquidity reasons (Goel and Thakor, 2003).”
Credit Cycles, Credit Risk, and Prudential Regulation (2006, background): “Fudenberg and Tirole (1995) and Goel and Thakor (2003) .”
International Differences in Conditional Conservatism – The Role of Unconditional Conservatism and Income Smoothing (2006, unknown): “See Goel and Thakor (2003) for a literature review and a recent model.”
Corporate governance and earnings management at large U.S. bank holding companies (2009, background): “The opportunistic earnings management literature largely originated with Healy (1985) who concludes that managers use accruals to strategically manipulate bonus income.”