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Lee, Eun Suh
School of Business Administration
Research Interests
  • Financial Accounting/ Intermediate Accounting
  • Managerial Accounting/ Cost Accounting
  • Auditing/ Inventory Control

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Corporate Life Cycle and Earnings Benchmarks

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Title
Corporate Life Cycle and Earnings Benchmarks
Author
Choi, JeongmiChoi, WooseokLee, Eun Suh
Issue Date
2016-12
Publisher
WILEY-BLACKWELL
Citation
AUSTRALIAN ACCOUNTING REVIEW, v.26, no.4, pp.415 - 428
Abstract
We examine whether and how corporate life cycle significantly influences meeting or beating earnings benchmarks (MBE). We find that corporate life cycle plays a significant role in a firm's meeting or beating earnings benchmarks behaviour. Developing strategies that fit into the stage of corporate life cycle is crucial for corporate success. MBE is an important financial goal that requires strategies. In this study, we examine whether and how corporate life cycle significantly influences MBE. Specifically, we focus on the incentives of MBE in growth and mature firms. We find that corporate life cycle significantly influences a firm's tendency to meet or beat zero earnings, prior earnings and analysts’ earnings forecasts. Based on logit regressions for the period from 1988 to 2008, the results indicate that growth firms are more likely to meet or beat all three earnings benchmarks. Overall, the results of this study indicate that a firm's MBE behaviour should be examined in the context of its life cycle stage.
URI
https://scholarworks.unist.ac.kr/handle/201301/18065
URL
http://onlinelibrary.wiley.com/doi/10.1111/auar.12100/abstract
DOI
10.1111/auar.12100
ISSN
1035-6908
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