論保守主義的會(huì)計(jì)準(zhǔn)則和盈余管理激勵(lì)機(jī)制的關(guān)系【外文翻譯】

1、本科畢業(yè)論文（設(shè)計(jì)）外文翻譯外文題目OntheRelationbetweenConservatisminAccountingstardsincentivesfEarningsManagement.外文出處JournalofAccountingResearch外文作者CHENQ1HEMMERTHOMASZHANGYUN原文：原文：OntheRelationbetweenConservatisminAccountingstardsincen

2、tivesfEarningsManagementInthispaperwestudytheroleofstardspecificthusobservableaccountingbiasesinalleviatingrationalyetdysfunctionalunobservablebiasesintroducedbyearningsmanipulation.Specificallywestudytherelativeperfmanc

3、eoftwoalternativefinancialreptingregimes:onewhereaccountingstardsaredesignedtobebiasfreeonewhereaccountingstardsaredesigneddeliberatelytointroduceaconservativebiasinfinancialrepts.Weidentifyconditionsunderwhichconservati

4、sminaccountingstardsiseffectiveinreducingincentivestomanageearningsupwards.Inadditionwedemonstratethatdoingsocanreducecontractingcoststhusprovidinginsightsintothesourceoftheseeminglyuniversalpopularityofconservatisminfin

5、ancialaccountingstards.[1]Avarietyofalternateperspectivesonthedemfconservatismcurrentlyexistintheaccountingliterature.Watts[2003a]providesanumberofintuitiveexplanationsfthebeneficialimplicationsofconservativeaccountingin

6、particularfromacontractingperspective.Hismainargumentisthatconservatismconstrainsopptunisticbehavioffsetsbiasesintroducedbyselfinterestedparties.Ourpaperissomewhatrelatedaswealsofocusontheroleofconservativeaccountinginme

7、thodsbiasedintheoppositedirectiontwodifferentsourcesofbiasarenotlikelytobeperfectsubstitutes.Stateddifferentlytwowrongsarenotlikelytomakearight:Whilethedifferentbiasesintroducedbybiasedestimatesbiasedaccountingmethodsmay

8、offsetinawaytoproduceanoverallunbiasedrepttheinfmationcontentofthatreptisunlikelytobeidenticaltooneproducedwithouttheintroductionofanybiasatall.Fexample“l(fā)owerofcostmarket“maywellprovideanappropriateoffsetfoptimisticestim

9、atesusedfbaddebtexpense.Yetthefinalreptthatincpatessuchoffsettingbiasesstilldifferssubstantivelyfromareptwhereallassetsaremarkedtomarketinanunbiasedway.Finallywenotethataccountingnumbersinfinancialreptsgenerallyplayamult

10、itudeofrolesthatinevitablycreatedivergingincentivesfattemptingtoendowthemwithcertainbiases.Fexamplewhilefromastewardshipperspective(current)shareholdersmayfavacautiousapproachtofinancialreptingfromavaluationperspectiveth

11、eymaybemeconcernedaboutavoidingundervaluationoftheirshares.Ourmodelcapturesthesefeaturesinthefollowingways.Firstfspecificityweconcentrateondivergingreptingincentivesrelatedtothetwoafementionedkeyusesoffinancialrepts:“val

12、uation“wherepotentialinvestsuseaccountinginfmationtoassessafirmsexpectedfuturepayoff“stewardship“whereaccountinginfmationisusedbythecurrentownerstoevaluateincentivizeemployees.Wedothisbystudyingasettingwhereaninnovatentr

13、epreneurcontractswithaprofessionalmanagertohelpmanagethefirminawaytoincreasethevalueofthefirmpritoselling(allpartof)ittoasecondgenerationofshareholdersfexamplethroughaninitialpublicoffering(IPO).[2]Ouranalysistakesaccoun

14、tingnumbersdualrolesasgivenfocusesinsteadontheirconsequences.[3]Secondtocapturethepointthatbiasesareintroducedexantethustypicallyare“inexpectation“allbiasesinourmodelareintroducedbystochasticallyalteringtherepresentation