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- W3123970101 abstract "This paper develops a signaling model in which accounting information improves real investment decisions. Pure cash flow reporting is shown to lead to underinvestment when managers have superior information but are acting in shareholders' interests. Accounting by prespecified, objective rules alleviates the underinvestment problem." @default.
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- W3123970101 date "1989-12-01" @default.
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- W3123970101 title "Signaling and Accounting Information" @default.
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