Corporate governance and earnings management ... - CEREG
Corporate governance and earnings management ... - CEREG
Corporate governance and earnings management ... - CEREG
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Figure 1 – Summary: Influence of social forces<br />
Lawyers<br />
Non-recognition<br />
Phase <br />
Creditors<br />
Bankers<br />
Creditors’<br />
protection<br />
Non recognition<br />
with offset against<br />
equity<br />
Phase <br />
Tax<br />
administration<br />
Budgetary<br />
reasons<br />
Recognition with<br />
amortization<br />
Phase <br />
Capital<br />
markets<br />
Investors’ point<br />
of view:<br />
immediate<br />
profit<br />
Recognition with no<br />
amortization<br />
Phase <br />
76