Earnings management to avoid losses and earnings declines in Croatia

Analyst vs. Market Forecasts of Earnings Management to Avoid Small Losses

Burgstahler and Eames (2003) present evidence that analysts commonly anticipate earnings management to avoid small losses, but often incorrectly predict its occurrence. Here we consider whether the market’s behavior mimics that of analysts. Our results suggest that analysts exhibit more forecast optimism in their zero earnings forecasts than in their other small earnings forecast levels, and ma...

Cultural Relativism in Earnings Management

The purpose of this study is to examine the possible impact of value systems on earnings management in France, Tunisia and Canada. Cultural values include power distance, uncertainty avoidance, individualism, masculinity and long-term orientation. The cross-cultural study uses the method of structural equations trough LISREL approach. The examination covers the period between 2003 and 2009. Fin...

Coping and Adapting to Job Losses and Declines in Farm Earnings

Long - Term Earnings Losses due to Mass

This paper uses longitudinal data from Social Security records covering up to 30 years of earnings to present the first national estimates of the long-term cost of job displacements during the 1982 recession. We use a new longitudinal data set containing firm size to isolate workers who separate from their stable job during a sudden mass-layoff. When we compare the workers displaced from their ...

Earnings Losses of Displaced Workers

The 1990-1991 recession has intensified concerns about the consequences of workers’ job losses. To estimate the magnitude and temporal pattern of displaced workers’ earnings losses, we exploit an unusual administrative data set that includes both employees’ quarterly earnings histories and information about their firms. We find that when high-tenure workers separate from distressed firms their ...