Income smoothing and firm value in a regulated market: the moderating effect of market risk
Purpose - This study aims to examine the impact of income smoothing on the value of firms in a regulated security market, moderated by market risk. This is based on the prevalence of accounting scandals resulting in the collapse of firms which has been attributed to the opportunistic behaviors of ma...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2021-01-01
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| Series: | AJAR (Asian Journal of Accounting Research) |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/AJAR-08-2020-0072/full/pdf?title=income-smoothing-and-firm-value-in-a-regulated-market-the-moderating-effect-of-market-risk |