Development of the Income Smoothing Literature, 1893-1998

Dale A. Buckmaster

ISBN 10: 0762308044 / ISBN 13: 9780762308040

Editore: Emerald Publishing Limited, US, 2001

Riguardo questo articolo

This volume describes the development of accounting thought during the twentieth century by focusing on a relatively narrow and long-lived issue, income smoothing. The task begins with the creation and description of three taxonomies of income smoothing literature in order to identify the context and bounds of the preferences and behavior that are to be the subject of the study. Then a chronological review of English-language literature referring to income smoothing behavior is conducted that covers the period, 1893 through 1998. The review starts with literature discussing secret reserves created so that fat years could pay for lean years and moves to income smoothing as a criterion for accounting choice. This literature on the smoothing criterion provided motivation for some of the earliest modern empirical studies in accounting. Empirical studies of smoothing have continued at a fairly constant rate since 1966 and make up a substantial portion of the literature review. A modification of the conventional smoothing hypothesis is proposed at the conclusion of the narrative that takes into account some relevant variables that tend to be overlooked because of the fragmentation of the literature. An extensive annotated bibliography and other appendices provide important supplements to the narrative.

Codice articolo LU-9780762308040

Dati bibliografici

• Titolo: Development of the Income Smoothing Literature, 1893-1998
• Editore: Emerald Publishing Limited, US
• Data di pubblicazione: 2001
• Lingua: Inglese
• ISBN 10: 0762308044
• ISBN 13: 9780762308040
• Rilegatura: Hardback
• Condizione: New
• Peso: 586 grammi

Descrizione articolo

Riassunto

This volume describes the development of accounting thought during the twentieth century by focusing on a relatively narrow and long-lived issue, income smoothing. The task begins with the creation and description of three taxonomies of income smoothing literature in order to identify the context and bounds of the preferences and behavior that are to be the subject of the study. Then a chronological review of English-language literature referring to income smoothing behavior is conducted that covers the period, 1893 through 1998. The review starts with literature discussing secret reserves created so that fat years could pay for lean years and moves to income smoothing as a criterion for accounting choice. This literature on the smoothing criterion provided motivation for some of the earliest modern empirical studies in accounting. Empirical studies of smoothing have continued at a fairly constant rate since 1966 and make up a substantial portion of the literature review. A modification of the conventional smoothing hypothesis is proposed at the conclusion of the narrative that takes into account some relevant variables that tend to be overlooked because of the fragmentation of the literature. An extensive annotated bibliography and other appendices provide important supplements to the narrative.

Contenuti

Introduction. Income Smoothing in Accounting& Business Literature Prior to 1954. Antecedents of Modern Earnings Management Research: Income Smoothing in Literature, 1954-1965. Early Modern Income Smoothing Research, 1966-1981. Income Smoothing in Modern Accounting Literature. Conclusion and Restatement of the Income Smoothing Hypothesis.