INCOME SMOOTHING BY ECONOMY SECTOR
The practice of income smoothing is thought to be widespread, although evidence in support of deliberate management manipulations is inconclusive. An analysis focusing on artificial income smoothing by comparing the variability of income to the variability of sales indicates that artificial income s...
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| Veröffentlicht in: | Journal of business finance & accounting 1990-12, Vol.17 (5), p.713-730 |
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| container_title | Journal of business finance & accounting |
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| creator | Albrecht, W. David Richardson, Frederick M. |
| description | The practice of income smoothing is thought to be widespread, although evidence in support of deliberate management manipulations is inconclusive. An analysis focusing on artificial income smoothing by comparing the variability of income to the variability of sales indicates that artificial income smoothing occurs if income is less variable. Although Belkaoui and Picur (1984) hypothesize that periphery-sector firms have both greater incentive and greater opportunity to smooth income than firms in the core sector of the economy, no difference is found in the incidence of smoothing between these sectors when sector is the only explanatory variable. However, if firm size and investor scrutiny are added as explanatory variables, there is a difference in smoothing between economic sectors for different sized firms. Among large firms, this pattern is reversed. Income smoothing is found to occur at all levels of the US economy. |
| doi_str_mv | 10.1111/j.1468-5957.1990.tb00569.x |
| format | Article |
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However, if firm size and investor scrutiny are added as explanatory variables, there is a difference in smoothing between economic sectors for different sized firms. Among large firms, this pattern is reversed. Income smoothing is found to occur at all levels of the US economy.</description><subject>Accounting theory</subject><subject>Earnings</subject><subject>Economic models</subject><subject>Financial reporting</subject><subject>Hypotheses</subject><subject>Income</subject><subject>Operating revenue</subject><subject>Regression analysis</subject><subject>Securities trading</subject><subject>Studies</subject><issn>0306-686X</issn><issn>1468-5957</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1990</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNqVkUtLAzEUhYMoWKv_oVRwN-PNZJJM3Eg79P0YsIXa1WUeGWjty0mL7b83paULQcRs7iLfOfdxCKlScKl9z3OX-iJwuOLSpUqBu00AuFDu_oqULl_XpAQMhCMC8X5L7oyZA4BHhSyRamcYRoNGZTSIonG7M2xV6tNKI4yG0WBaGTXCcfR2T27yeGH0w7mWybjZGIdtpx-1OmGt76Qs4MyRoHzNA5EFCZM8Z7HOMhaoRAZMAFWcpblMIE25VjnkGctSEFx6VKU-D5KMlcnTyXZTrD932mxxOTOpXizilV7vDDIJkvpMWLD6A5yvd8XKjoaehWxzT_0J-R7zLfT4G0Q9ZUezHLfUy4lKi7Uxhc5xU8yWcXFACnhMAed4PDUeT43HFPCcAu6t-PUk_pot9OEfSuzWmzVJmXVwTg4zs9X7i0NcfKCQdlmcDFvYG7S9SXfSQ2Df0Z-Xgg</recordid><startdate>199012</startdate><enddate>199012</enddate><creator>Albrecht, W. 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David</au><au>Richardson, Frederick M.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>INCOME SMOOTHING BY ECONOMY SECTOR</atitle><jtitle>Journal of business finance & accounting</jtitle><date>1990-12</date><risdate>1990</risdate><volume>17</volume><issue>5</issue><spage>713</spage><epage>730</epage><pages>713-730</pages><issn>0306-686X</issn><eissn>1468-5957</eissn><abstract>The practice of income smoothing is thought to be widespread, although evidence in support of deliberate management manipulations is inconclusive. An analysis focusing on artificial income smoothing by comparing the variability of income to the variability of sales indicates that artificial income smoothing occurs if income is less variable. 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| identifier | ISSN: 0306-686X |
| ispartof | Journal of business finance & accounting, 1990-12, Vol.17 (5), p.713-730 |
| issn | 0306-686X 1468-5957 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; Periodicals Index Online; EBSCOhost Business Source Complete |
| subjects | Accounting theory Earnings Economic models Financial reporting Hypotheses Income Operating revenue Regression analysis Securities trading Studies |
| title | INCOME SMOOTHING BY ECONOMY SECTOR |
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