財務報告における利益平準化の意味

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  • ザイム　ホウコク　ニオケル　リエキ　ヘイジュンカ　ノ　イミ
  • The Meaning of Income Smoothing in Financial Reporting

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This paper considers the meaning of income smoothing in external financial reporting．Income smoothing is“the intentional dampening of fluctuations about some level of earnings that is currently considered to be normal for a firm”（Beidleman, 1973, p. 653）. Why do managers smooth income？ There are two perspectives on income smoothing: the opportunistic perspective and the information perspective. The former means that managers seek to mislead investors. On the other hand，the latter means that managers reveal to investors their private information about firms’future earnings．In this paper, I focus on the information perspective, and mainly discuss informativeness of smoothed income with reference to prior studies. In the final section, I provide a summary and suggestions for further research.

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