Effect of Investor Speculation on Earnings Management
This paper considers how the presence of a speculative investor, who bets on a firm's future earnings report, affects how the firm's management manipulates that report. We examine the influence of the speculator's information on earnings management behavior, quality of reported earnings, and stock price efficiency. We also provide predictions for, and interpretations of, short-window event studies and long-window association studies. Copyright University of Chicago on behalf of the Institute of Professional Accounting, 2004.
Year of publication: |
2004
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Authors: | FISCHER, PAUL E. ; STOCKEN, PHILLIP C. |
Published in: |
Journal of Accounting Research. - Wiley Blackwell, ISSN 0021-8456. - Vol. 42.2004, 5, p. 843-870
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Publisher: |
Wiley Blackwell |
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