Moscariello, Nicola; Fera, Pietro; Cinque, Ettore - In: Journal of Applied Accounting Research 21 (2020) 3, pp. 455-476
Purpose: By analyzing the relationship between discretionary accruals and information asymmetry throughout the latest global financial crisis, this paper deepens our understanding of the effect of managerial discretion on the informativeness of earnings in the case of a negative exogenous shock...