Nagar, Neerav; Sen, Kaustav - In: Accounting Research Journal 30 (2017) 2, pp. 205-223
Purpose This paper aims to examine whether financially distressed firms manipulate core or operating income through the misclassification of operating expenses as income-decreasing special items. Design/methodology/approach This sample comprises firms in the USA with data from 1989 to 2010. The...