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Can I read New Perspectives of Profit Smoothing : Empirical Evidence From China on EtoBox?
New Perspectives of Profit Smoothing : Empirical Evidence From China by Domitilla Magni is a nonfiction available to read on EtoBox.
What is New Perspectives of Profit Smoothing : Empirical Evidence From China about?
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
Who reads New Perspectives of Profit Smoothing : Empirical Evidence From China?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Domitilla Magni
- Publisher
- Springer International Publishing Imprint, Palgrave Macmillan
- Published
- 2019
- Language
- EN
- ISBN
- 9783030212858
- Category
- nonfiction
- Subjects
- Business, Economics, Finance