Further, we provide evidence that investors react negatively to beating analysts' forecasts with the use of PRE, suggesting that investors find this behavior opportunistic and not fully convincing. This chapter makes an important contribution to what we know about the joint effects of tax policy, generally accepted accounting principles, and incentive compensation on the earnings reporting process.
Furner, Z., Walker, K. and Durrant, J. (2020), "The Relation between Equity Incentives and Earnings Management through Permanently Reinvested Foreign Earnings for US Multinational Corporations", Hasseldine, J. (Ed.) Advances in Taxation (Advances in Taxation, Vol. 28), Emerald Publishing Limited, pp. 127-168. https://doi.org/10.1108/S1058-749720200000028005Download as .RIS
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