Degiannakis, Stavros; Giannopoulos, George; Ibrahim, Salma - In: Journal of Accounting Literature 45 (2022) 1, pp. 64-99
consistent evidence of discontinuities around zero for both scaled and unscaled earnings levels and changes. The advantage of the … power of the test, the authors examine the density function of non-discretionary earnings and detect no evidence of … discontinuities around zero in levels and changes of these non-discretionary earnings. As robustness, the authors use pre …