Signaling and Accounting Information
收藏NBER1989-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3193
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资源简介：
This paper develops a signaling model in which accounting information improves real investment decisions. Pure cash flow reporting is shown to lead to underinvestment when managers have superior information but are acting in shareholders' interests. Accounting by prespecified, "objective" rules
提供机构：
美国国家经济研究局
创建时间：
1989-12-01
