Are Corporate Risk-Taking Practices Indicative of Aggressive Reporting Practices?
研究了企业风险承担方式与激进报告行为的关系，发现通过外部资产增长承担风险的企业更可能进行激进报告，而有机增长的企业则相反，且萨班斯-奥克斯利法案后这种关联减弱。
ABSTRACT We examine empirically whether the manner of risk-taking in which firms engage is associated with aggressive reporting practices. Theoretical and anecdotal evidence suggests that firms face a trade-off between risk-taking and managerial opportunism as they seek to produce higher returns. In the period before the Sarbanes-Oxley Act of 2002 (SOX), we find that firms with more risk-taking through external asset growth are more likely to engage in aggressive reporting, but the reverse is true for firms with a practice of risk-taking through organic growth. Consistent with evidence in prior research on the improved quality of financial reporting after SOX, the positive association between a practice of risk-taking through asset growth and aggressive reporting is attenuated in the post-SOX period.