On the basis of an accrual decomposition into two components capturing output growth and accounting distortions, this … earnings performance is driven only by the component attributable to accounting distortions, and the accrual effect on stock … price performance is driven by both the component attributable to accounting distortions and the component attributable to …

accused of being responsible for ancextensive array of accounting distortions providing false and misleading financial … misleading financial statements by AIG. It considers principally the important avenue of the alleged accounting distortions, i …