Lee, Joonho; Chung, Sung Gon - In: Review of Accounting and Finance 18 (2019) 4, pp. 589-612
Purpose: Firms’ real activities management (RAM) can have a more detrimental effect on firms’ future performance than accrual earnings management. This paper aims to examine whether analysts, who play an important role as information intermediaries, understand the negative effect of RAM on...