Discussions/Opinions - make one page summary - Reproduced with permission of the copyright...

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Discussions/Opinions - make one page summary - Reproduced with permission of the copyright owner.
	
Document Preview: Value Destruction and Financial Reporting Decisions
John R Graham; Campbell R Harvey; Shiva Rajgopal
Financial Analysts Journal; Nov/Dec 2006; 62, ABI/INFORM Global6; 
pg. 27
Reproduced with permission of the copyright owner.  Further reproduction prohibited without permission.Reproduced with permission of the copyright owner.  Further reproduction prohibited without permission.Reproduced with permission of the copyright owner.  Further reproduction prohibited without permission.

David · Accepted Answer

Summary of Value destruction and Financial reporting decisions  
By Graham 
In the article the authors have focused on conducting the survey interview of 401 US 
executive officials in order to analyze the best action should be adopted so as to reflect the 
expected earnings of the company. According to the article researched, the executives are willing 
to sacrifice their shareholder value so as to meet the expected earnings i.e. the executives prefer 
smooth earnings in their financial reporting and holding constant cash flows. As according to the 
executives, if the company does not attain the predictable earnings, then it might entail in high 
risk premium in the market.

Discussions/Opinions - make one page summary - Reproduced with permission of the copyright owner. Document Preview: Value Destruction and Financial Reporting Decisions John R Graham; Campbell R...

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