英语翻译First,negative pre-announcement returns are observed due to the market anticipation of bad news (Givoly and Palmon,1982; and Chambers and Penman,1984) and management voluntary disclosures (Francis,Philbrick and Schipper,1994).Con-sequentl
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英语翻译First,negative pre-announcement returns are observed due to the market anticipation of bad news (Givoly and Palmon,1982; and Chambers and Penman,1984) and management voluntary disclosures (Francis,Philbrick and Schipper,1994).Con-sequentl
英语翻译
First,negative pre-announcement returns are observed due to the market anticipation of bad news (Givoly and Palmon,1982; and Chambers and Penman,1984) and management voluntary disclosures (Francis,Philbrick and Schipper,1994).Con-sequently,managers will make the most of a bad situation by
making things a little worse.Thus,big bath accounting is conducive to enhancing future reported earnings and bonuses (Healy,1985).Further,late reporters gain the upper hand in contractual renegotiations when they appear to be more financially distressed.Last,client litigation risk may motivate auditors to prefer conservative accounting choices which allow them to protect against or mitigate future litigation and potential damages (DeFond and Subramanyan,1998).
英语翻译First,negative pre-announcement returns are observed due to the market anticipation of bad news (Givoly and Palmon,1982; and Chambers and Penman,1984) and management voluntary disclosures (Francis,Philbrick and Schipper,1994).Con-sequentl
还观察到由于坏消息的市场预期（givoly和帕尔蒙,1982；和商会和彭曼,1984）和管理自愿性信息披露（弗兰西斯,2005,席,1994）.因此,经理会做最坏的情况使事情更糟.因此,大浴缸会计有助于提高未来的收入和奖金（Healy,1985）.此外,晚记者占上风的合同重新谈判时,他们似乎更心疼.最后,客户可能会促使审计诉讼风险更保守的会计选择,让他们来防止或减轻未来的诉讼和潜在的损害（德丰,Subramanyan,1998）.