Earnings management, surplus free cash flow, and external monitoring

Article Abstract:

The role of high-quality auditors and institutional shareholders in mitigating the high free cash flow (SFCF)- discretionary accruals (DAC) relation is examined. Big 6 auditors and institutional investors with substantial shareholdings moderate the SFCF-DAC relation, which suggests that external monitoring by these two outside stakeholders is effective in deterring managers' opportunistic earnings management.

Corporate Profits, Capital funds & cash flow, Analysis, Profit, Accounting and auditing, Profits, Accounting, Accounting procedures

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Spatial competitive interaction of retail store formats: Modeling proposal and empirical results

Article Abstract:

A proposal is assessed through an application to the Spanish retail context that tries to identify competitive frictions among the supermarket, the hypermarket, and the discount store. The results demonstrate the explanatory capabilities of the model and reveal conclusions related to the impact of spatial growth by store formats on food shopping patterns.

Marketing procedures, Management dynamics, Retail Stores, Models, Management, Competition (Economics), Marketing, Stores, Company marketing practices, Company business management

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The differential information hypothesis, firm size, and earnings information transfer: an empirical investigation

Article Abstract:

Research into the impact of the sizes of the announcing and non-announcing firms on information transfers is presented. Earlier research indicating that the magnitudes of announcing firms' price reactions are positively correlated with the extent of information transfers was confirmed.

Reporting & Disclosure, Research, Brief Article, Corporation reports, Company reports

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