Le lissage des résultats: éléments explicatifs avancés dans la littérature

Sylvie Chalayer Rouchon ()
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Sylvie Chalayer Rouchon: COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne

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Abstract: Different hypotheses about the causes which have lead management to the use of smoothing practices have been proposed. Its basis rests on the general improvement of the shareholder's welfare as the dampening of the variability of the earning lessens the uncertainty of the excepted cash-flows. But the efficiency market hypothesis assumes that investors are note fooled by accounting manipulations. In this setting, accounting income smoothing is not justified. However, signalling theory and agency theory give some explanations for the income smoothing that agree with the investors' rationality

Keywords: Accounting policy; income smoothing; accounting signal; political costs; contracting costs; Politique comptable; lissage des résultats; coûts politiques; coûts contractuels; signal comptable (search for similar items in EconPapers)
Date: 1995-09-15
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Published in Comptabilité Contrôle Audit / Accounting Auditing Control, 1995, 2, pp.89-104

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