ACCT 455 Lecture Notes - Lecture 19: Earnings Management, Opportunism, Information Asymmetry
26 May 2016
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Main focus is on contracting theory (chapters 8,9,10) Given situation and analyze (either an article or hypothetical situation) go a bit smarter about the world. Think about all the questions on the slides focus on the thinking. Given some situation, need to rationalize it. Did you bring up enough issues? (last quiz beta, volume, etc. ) Avoid sentences that do not have evidence to back up. Both sides or o(cid:374)e side (cid:894)prof does(cid:374)"t (cid:272)are as (cid:373)u(cid:272)h(cid:895: ex. I want to see market forecasts because analyst forecasts tend the be the best predi(cid:272)tor for (cid:272)o(cid:373)pa(cid:374)y"s (cid:373)arket share. Can be overcome with a large peer group. But, as we add peers, the similarity and relevance of the peer goes down. Ozcan, singer, you (2012): the transition to ifrs increased the use of foreign peers in. Rpe: transition to ifrs increased the use of foreign peers in rpe because international standards are becoming harmonized.
