DOES SMOOTHING EARNINGS ADD VALUE? - This study of more than 500 firms reinforces the efficient market theory that a firm's securities prices tend to reflect all available information about the company. The analyzed companies that used artificial smoothing variables did not have their market value enhanced to the extent of firms with naturally smooth earnings - Certificate of Merit
| Year of publication: |
1998
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|---|---|
| Authors: | Bitner, Larry N. ; Dolan, Robert |
| Published in: |
Management accounting. - New York, NY, ISSN 0025-1690, ZDB-ID 2063414. - Vol. 80.1998, 4, p. 44-47
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