The pricing of descretionary accruals - evidence from Pakistan.

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dc.contributor.authorKhalid, Zunera
dc.contributor.authorYasser, Farah
dc.contributor.authorAjmal, Muhammad Mobeen
dc.date.accessioned2018-10-19T11:32:26Z
dc.date.available2018-10-19T11:32:26Z
dc.date.issued2015
dc.description.abstractEven now with the cutting edge businesses and specialized management, a large number of the firms are owned by families in Pakistan. Agency disagreements and issues exist between the management and the owners as well as the minority shareholders and the block holders. To handle these feuds, accountants use discretionary accruals. These accruals help to manage earnings and smooth sharp trends to protect the interest of management and the owners. This study determines whether the investors manage the earnings through discretionary accruals or do they price these accruals when considering the stock price. This study finds significant evidence that the market prices discretionary accruals. We find that the firms with higher number of institutional ownership, high quality audit production and higher number of independent board have significantly higher impact of discretionary accruals on their stock returns as compared to other firms.en_US
dc.identifier.citationKhalid, Z., Yasser, F., & Ajmal, M. M. (2015). The pricing of descretionary accruals - evidence from Pakistan. Journal of Management and Research, 2(2).(Zunera Khalid, Farah Yasser and Muhammad Mobeen Ajmal) (UMT Journal)en_US
dc.language.isoenen_US
dc.publisherJournal of Management and Research.en_US
dc.subjectFinanceen_US
dc.subjectPricing, Discretionary Accruals, Earnings Management, Audit quality.en_US
dc.titleThe pricing of descretionary accruals - evidence from Pakistan.en_US
dc.typeArticleen_US
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