A Theory of Income Smoothing When Insiders Know More Than Outsiders
收藏NBER2011-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17696
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资源简介：
We consider a setting in which insiders have information about income that outside shareholders do not, but property rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent with outsiders' expectations based on publicly available
提供机构：
美国国家经济研究局
创建时间：
2011-12-01
