Ahmed, Kamran; Mohd-Saleh, Norman - In: International Journal of Accounting, Auditing and … 4 (2007) 6, pp. 589-607
Prior economics literature suggests that managers of distressed firms have incentives to opportunistically misrepresent performance in debt renegotiation because creditors suffer from an asymmetric information problem. This paper examines the assets write-off behaviour of Malaysian firms during...
