عنوان

New perspectives of profit smoothing :

(Number (ISBN

3030212866

(Number (ISBN

9783030212865

Erroneous ISBN

3030212858

Erroneous ISBN

9783030212858

Title Proper

New perspectives of profit smoothing :

General Material Designation

[Book]

Other Title Information

empirical evidence from China /

First Statement of Responsibility

Domitilla Magni.

Place of Publication, Distribution, etc.

Cham, Switzerland :

Name of Publisher, Distributor, etc.

Palgrave Macmillan,

Date of Publication, Distribution, etc.

[2019]

Specific Material Designation and Extent of Item

1 online resource

Text of Note

Intro; Preface; Acknowledgments; Contents; List of Tables; Chapter 1: Theory of Profit; 1.1 Profit in Traditional Argumentation Way; 1.1.1 Classical Economist's Thinking; 1.1.2 Arguments of the Neoclassical Economic View; 1.1.2.1 Alfred Marshall: Short and Long Term; 1.1.2.2 Equilibrium Characteristics; 1.2 Economic Governance of the Firm; 1.2.1 Productive and Distributive Logic; 1.2.2 Governance Structure and Transaction Cost; 1.2.3 Definition Model of the Governance Structure: Williamson's View; 1.2.4 Rediscussing Williamson's Model; 1.2.5 Markets Served

Text of Note

1.2.6 Interdependence Between Production and Commercialization StrategiesReferences; Chapter 2: Profit Impact in Business Vision; 2.1 The Concept of Profit in Business Vision; 2.1.1 Profit and Profitability; 2.1.2 Profit as a Business Objective; 2.1.3 Problems in Maximizing Profit as a Business Goal; 2.1.4 Theoretical Settings for the Purpose of the Enterprise; 2.2 Profit as a Negotiable Income; 2.2.1 Ricardian Return, Paretian Rent, and Monopolistic Annuities; 2.2.2 Entrepreneurial Rents Theory; 2.2.3 Managerial Rent Model; 2.2.4 Rent Appropriation Theory

Text of Note

2.3 From Profit to Value Creation and Sharing2.3.1 Stakeholder Views; 2.3.2 Shareholder Views; References; Chapter 3: Smoothing and Earnings Management Policies; 3.1 Smoothing; 3.1.1 Capital Market; 3.1.1.1 Stock Market; 3.1.1.2 The Banking System; 3.1.2 Governance; 3.2 Real Earnings Management Policies; 3.2.1 Earnings Management Policies Based on End-of-Period Valuations; 3.2.2 Income Smoothing Policies; 3.2.3 Big Bath Earnings Management; 3.2.4 Income Minimization and Income Maximization Policies; 3.2.5 Underlying Reasons for the Implementation of Financial Statement Policies; References

Text of Note

4.2.1 Profit's Strategic Reasons4.2.2 Gordon's Model Related to Managerial Goals; 4.2.3 Culture of Extra Profit as a Threat to the Shareholder Value; References; Chapter 5: Why China?; 5.1 Introduction; 5.2 China's Development: A Powerful Imperialist Pole Emerges; 5.2.1 Chinese Development; 5.2.2 Development's Reasons; 5.2.3 China in the World Market; 5.2.4 Economic and Global Issues; 5.2.5 Political Implications of Chinese Development; 5.3 Chinese Financial System; 5.3.1 Importance of the Financial Structure; 5.3.2 Gradual Reform of Chinese Financial System

Text of Note

Chapter 4: Toward a Definition of Profit Smoothing4.1 Income Smoothing; 4.1.1 Approaches to the Study of Income Smoothing; 4.1.1.1 The Classical Approach; 4.1.1.2 The Income Variability Approach; 4.1.1.3 The Dual Economy Approach; 4.1.2 When Insiders Know More than Outsiders; 4.1.3 Income Smoothing Attributes; 4.1.4 Classification of Firms into Smoothers Categories; 4.1.5 Accounting Techniques for Smoothing; 4.1.5.1 Motivation of Income Smoothing; 4.1.5.2 Gross Revenue Manipulation; 4.1.5.3 Inventory Accounting; 4.2 Profit Smoothing and Corporate Finance

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Text of Note

In a first approximation, profit may seem like a simple and intuitive concept, but the definition is not limited to a single conceptual category. Analysis of the definition and role of profit must be implemented with a study at the corporate level. This book discusses the phenomenon of profit smoothing, implemented by management, which aims to maintain a constant flow of profit over time. On an operational level, the phenomenon of profit smoothing analyses and determines the correlation existing between a shock to a variable at the corporate level and the relationship between this shock and profit. This book discusses the main reasons, at the strategic level, of the phenomenon of profit smoothing and summarizes this into three groups: Firstly, the functionality of this phenomenon for corporate management is to transmit to the external environment, and especially to external investors, a business reality devoid of crisis and imbalances. Secondly, this initial motivation engages basically the second. In fact, levelling the trend of profit from year to year, top management can reduce the risk perceived from the outsiders and as from the company's insiders. Thirdly, this justification is related to the stability of the flow of dividends. Profit smoothing places great emphasis on the phenomenon of dividends. It should be note how in fact the profit smoothing is used to keep the expectations of shareholders profit from one period to another. This book is focused on the profit smoothing and, in particular, how this phenomenon is established in developing-economies like the Chinese one, and will be of interest to academics, researchers, and students of corporate finance.

Title

New perspectives of profit smoothing.

International Standard Book Number

9783030212858

Corporate profits-- China.

Corporate profits.

Profit-- China.

Profit.

Corporate profits.

Profit.

China.

7

Number

Edition

Class number

Book number

Magni, Domitilla

Date of Transaction

20200823091924.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y