Accounting Theory- Graham et al

Please make one-page summary and discussion for your opinions on the current practice after reading the article written by Graham et al. 

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

Value Destruction and Financial Reporting Decisions
John R Graham; Campbell R Harvey; Shiva Rajgopal
Financial Analysts Journal; Nov/Dec 2006; 62, 6; ABI/INFORM Global
pg. 27

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.

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.

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

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