Are unmanaged earnings always better for shareholders?

Anil Arya; Jonathan C Glover; Shyam Sunder

Accounting Horizons; 2003; 17, ABI/INFORM Global
pg. 111

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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.