Why have measures of earnings quality changed over time?

作者：Srivastava Anup^*

来源：Journal of Accounting and Economics, 2014, 57(2-3): 196-217.

DOI：10.1016/j.jacceco.2014.04.001

• Knowledge industries
• Intangible capital
• Core expenses
• Accounting standards
• Earnings quality

The properties of earnings have changed dramatically over the past 40 years. Prior studies interpret this trend as a decline in earnings quality but disagree on whether it results from changes in the real economy or changes in accounting standards. I find that each new cohort of listed firms exhibits lower earnings quality than its predecessors, mainly because of higher intangible intensity. I conclude that the trend of decline in earnings quality is due more to changes in the sample of firms than to changes in generally accepted accounting principles (GAAP) or in the earnings quality of previously listed firms.

• 出版日期2014-5
• 单位西北大学