This paper examines the relationship of analysts’ coverage, forecasting errors and earnings management. It corroborates the role of analysts as gatekeepers by finding that analysts enhance transparency and reduce the scope of earnings management. To identify analysts’ coverage we used the I/B/E/S, from where we also obtained information on the consensus projections of analysts for listed Brazil...

We examine the role of target firms’ accruals quality (AQ) on the course of the acquisition process. We predict and find that target AQ is significantly associated with the choice of sales method (auction vs. negotiation), acquirer and target returns, the likelihood of deal completion, and the speed of the process overall. We further find that AQ has a more pronounced effect on M&A transactions...

Using historical firm financial and insider trading information, this paper examines whether high-level insiders manipulate earnings ahead of their own 10b5-1 equity transactions. The empirical evidence suggests that high-level executives appear to manipulate earnings through real activities such as abnormal discretionary expenditures and abnormal cash flows from operations to influence equity ...

This research aims to examine the impact of tax aggressiveness, earnings fluctuation and executive compensation on management within companies listed Brazilian stock exchange. To this end, an analysis with panel data regression was conducted a total 702 observations using from 117 companies. We found negative relation between management, indicating that lower tend have higher levels while abnor...

Directors from academia served on the boards of around 40% of S&P 1,500 firms over the 1998–2011 period. This paper investigates the effects of academic directors on corporate governance and firm performance. We find that companies with directors from academia are associated with higher performance and this relation is driven by professors without administrative jobs. We also find that academic...

insurance industry is one of the most influential economic institutions and is considered to support other economic institutions and families. insurance industry has been facing changes that lead it to becoming a competitive industry. therefore, we can say insurance companies that are active in iran insurance industry must constantly monitor performance of their branches and agencies. ongoing p...

This paper explores whether NHS hospitals in England managed their earnings upward before applying to the government for foundation trust (FT) status—a scheme that allowed them greater financial freedom and management autonomy—in order present an overly positive picture increase chances a successful application. The shows FTs adjusted discretionary accruals up two years FT status. practice was ...

a r t i c l e i n f o Keywords: Loan loss provisions Gains Securitization and loan sales SFAS No. 140 Earnings benchmarks This study investigates earnings management through managing specific accruals vs. structuring transactions in the banking industry. This paper explores the circumstances under which banks manipulate loan loss provisions vs. circumstances that lead banks to structure loan sa...