Midlands State University Library
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Discretionary Accruals Quality,Cost of Capital, and Diversification/ Sebahattin Demirkan

By: Contributor(s): Material type: TextTextSeries: Journal of Accounting Auditing and Finance ; Volume 27 , number 4 ,Thousand Oaks, Califonia Sage, 2012Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 0148-558
Subject(s): Online resources: Summary: This study examines the discretionary accruals quality of single- and multiple-segment firms. The authors hypothesize and find that the discretionary accruals quality is lower for multiple-segment firms than single-segment firms, and for the same level of discretionary accruals quality, the cost of capital is higher for multiple-segment firms than single-segment firms. These findings suggest that more severe agency problems in multiple-segment firms compared with single-segment firms may lead to poor discretionary accruals quality and agency risk is priced-in as a higher cost of capital.
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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HF5601 JOU (Browse shelf(Opens below)) Vol 27, No 4 pages 496-527 SP15201 Not for loan For In-house use only

This study examines the discretionary accruals quality of single- and multiple-segment firms. The authors hypothesize and find that the discretionary accruals quality is lower for multiple-segment firms than single-segment firms, and for the same level of discretionary accruals quality, the cost of capital is higher for multiple-segment firms than single-segment firms. These findings suggest that more severe agency problems in multiple-segment firms compared with single-segment firms may lead to poor discretionary accruals quality and agency risk is priced-in as a higher cost of capital.

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