Managerial discretion and voluntary disclosure: empirical evidence from the New Zealand life insurance industry

Article Abstract:

Empirical analysis of the influence of the different factors in the theory of managerial disclosure in the New Zealand life insurance industry show the variables of organizational type, company size, diversity, and business sales volume to strongly affect managerial decisions. The factors of reinsurance and non-executive directors were also shown to support voluntary disclosure decisions. However, the factors of assets-in-place and operations localization were contrary to the discretion hypothesis and were not shown to be significant.

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Additional evidence on bonus plans and income management

Article Abstract:

Paul M. Healy's study on the effect of the bonus system on accounting decisions was furthered via an examination of discretionary accrual and bonus plan bound relationships. A total of 102 business enterprises who had the required Compustat data were sampled for the study. Results contradict Healy's findings in that managers opted for income-increasing discretionary accruals when income before discretionary accruals are below the lower bound.

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Earnings management under changing regulatory regimes: State accreditation in the insurance industry

Article Abstract:

State accreditation in the insurance industry is discussed in the context of earnings management under changing regulatory regimes.

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