Labor Unions and Income Smoothing

被引：58

作者：

Hamm, Sophia J. W. ^{[1
]}

Jung, Boochun ^{[2
]}

Lee, Woo-Jong ^{[3
]}

机构：

[1] Ohio State Univ, Columbus, OH 43210 USA

[2] Univ Hawaii Manoa, Honolulu, HI 96822 USA

[3] Seoul Natl Univ, Seoul, South Korea

来源：

CONTEMPORARY ACCOUNTING RESEARCH | 2018年 / 35卷 / 03期

关键词：

REAL ACTIVITIES MANIPULATION; RESEARCH-AND-DEVELOPMENT; EARNINGS MANAGEMENT; CORPORATE GOVERNANCE; DEBT; CONTRACTS; EQUITY; COSTS; PAY; COMPENSATION;

D O I：

10.1111/1911-3846.12321

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We study labor unions, an important stakeholder group that has not been a focus of the earnings smoothing literature. We posit that managers strike a balance between sheltering resources from employees' profit sharing demands and catering to employees' aversion to downside risk by smoothing earnings. We then hypothesize that a strong labor union would intensify managerial incentives to smooth earnings. Consistent with our hypothesis, we find that union strength is positively associated with earnings smoothing activities through management of both accruals and R&D expenditures.

引用

页码：1201 / 1228

页数：28

共 59 条

[1] Labor unemployment risk and corporate financing decisions [J].