... t. Sixth, I remove firm-years where variables used in the models testing H1 are missing. Imposing these further restrictions leaves me with 2,975 firm-years, which I call the Test Candidate Sample. classification shifting earnings components segment reporting earnings surprises Prior...

... by SFAS No. 131, we construct a score that measures segment-reporting quality. The results indicate that: (1) the level of a firm's compliance with SFAS No. 131 significantly and negatively relates to bond yield spreads, and (2) the time-series variation in the level of a firm's compliance with SFAS...

... University, the two anonymous reviewers, and Paul A. Griffin (editor) on prior versions of this paper. May 2012 January 2014 2014 segment reporting expense shifting agency costs proprietary costs In this paper, we examine whether management uses the “corporate/other...