We exploit the change in U.S. segment reporting rules (from SFAS No. 14 to SFAS No. 131) to examine two motives for managers to conceal segment profits: proprietary costs and agency costs.
We exploit the change in U.S. segment reporting rules (from SFAS No. 14to SFAS No. 131) to examine two motives for managers to conceal segment profits:proprietary costs and agency costs.