Cheng, Yu-Shu; Liu, Yi-Pei - In: Economics Bulletin 13 (2008) 4, pp. 1-10
In this study, we apply Hansen¡¦s (1999) nonlinear panel threshold test, the most powerful test of its kind, to investigate the relationship between debt ratio and earnings management of 474 selected Taiwan-listed companies during the September 2002 - June 2005 period. Rather than a fixed...