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Anomalies in Income Numbers: Evidence of Goal Oriented Behavior
Charles A. P. N. Carslaw
The Accounting Review
Vol. 63, No. 2 (Apr., 1988), pp. 321-327
Published by: American Accounting Association
Stable URL: http://www.jstor.org/stable/248109
Page Count: 7
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This Note reports that the frequency of occurrence of certain second digits (especially zero) contained in earnings numbers of New Zealand firms departs significantly from expectations. Specifically, there is a much higher than expected frequency of zeros and a less than expected frequency of nines as the second-from-the-left most digit in reported earnings. This abnormality may provide evidence of goal oriented or goal achieving behavior.
The Accounting Review © 1988 American Accounting Association