LEADER 03539nam 22005055 450 001 9910349536303321 005 20230810164913.0 010 $a9783030212865 010 $a3030212866 024 7 $a10.1007/978-3-030-21286-5 035 $a(CKB)4100000008743021 035 $a(MiAaPQ)EBC5838942 035 $a(DE-He213)978-3-030-21286-5 035 $a(PPN)249873761 035 $a(Perlego)3494074 035 $a(EXLCZ)994100000008743021 100 $a20190723d2019 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aNew Perspectives of Profit Smoothing $eEmpirical Evidence from China /$fby Domitilla Magni 205 $a1st ed. 2019. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2019. 215 $a1 online resource (261 pages) 311 08$a9783030212858 311 08$a3030212858 327 $a1. Theory of Profit -- 2. Profit Impact in Business Vision -- 3. Smoothing and Earnings Management Policies -- 4. Toward a Definition of Profit Smoothing -- 5. Why China? -- 6. Empirical Analysis of Profit Smoothing.-7. Management Behavior and Profit Smoothing: Implications of the Study. 330 $aIn a first approximation, profit may seem like a simple and intuitive concept, but the definition is not limited to a single conceptual category. Analysis of the definition and role of profit must be implemented with a study at the corporate level. This book discusses the phenomenon of profit smoothing, implemented by management, which aims to maintain a constant flow of profit over time. On an operational level, the phenomenon of profit smoothing analyses and determines the correlation existing between a shock to a variable at the corporate level and the relationship between this shock and profit. This book discusses the main reasons, at the strategic level, of the phenomenon of profit smoothing and summarizes this into three groups: Firstly, the functionality of this phenomenon for corporate management is to transmit to the external environment, and especially to external investors, a business reality devoid of crisis and imbalances. Secondly, this initial motivation engages basically the second. In fact, levelling the trend of profit from year to year, top management can reduce the risk perceived from the outsiders and as from the company's insiders. Thirdly, this justification is related to the stability of the flow of dividends. Profit smoothing places great emphasis on the phenomenon of dividends. It should be note how in fact the profit smoothing is used to keep the expectations of shareholders profit from one period to another. This book is focused on the profit smoothing and, in particular, how this phenomenon is established in developing-economies like the Chinese one, and will be of interest to academics, researchers, and students of corporate finance. 606 $aBusiness enterprises$xFinance 606 $aDevelopment economics 606 $aCorporate Finance 606 $aDevelopment Economics 615 0$aBusiness enterprises$xFinance. 615 0$aDevelopment economics. 615 14$aCorporate Finance. 615 24$aDevelopment Economics. 676 $a338.516 676 $a338.514 700 $aMagni$b Domitilla$4aut$4http://id.loc.gov/vocabulary/relators/aut$0894161 906 $aBOOK 912 $a9910349536303321 996 $aNew Perspectives of Profit Smoothing$91997348 997 $aUNINA