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Continuing Dangers of Disinformation in Corporate Accounting Reports

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NBER2003-04-01 更新2025-01-04 收录
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Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit extravagantly

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2003-04-01
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