Abstract
Earnings and book value are commonly used as the basis for firm valuation. However, the reliability of earnings, as indicated by earnings management, may affect its relevance in determining firm value. This thesis investigates the link between earnings management and firm valuation by assessing the impact of earnings management on the value-relevance of earnings and book value.
Year Manuscript Completed
2004
Subject Category
Business Administration, Accounting (0272)
Additional Categories
Business Administration, General (0310)
Keywords
Discretionary income, discretionary trusts, earnings management
Primary Language of Manuscript
EN