This paper examines the earnings management of chemical firms at the end of 1979 when Congress was considering legislation leading to the Comprehensive Environmental Response, Compensation, and Recovery Act of 1980. This legislation gave the U.S. government the authority to remediate hazardous...

This study investigates the informativeness of financial accounting variables for emerging growth firms using a model based on the theoretical work of Feltham and Ohlson (1995), and empirically adapted by Ou and Penman (1993) and Bernard (1995). The model tests the association between a measure...