Purpose: This paper aims to investigate the dynamics of repurchase-based earnings management vis-à-vis other real activities manipulations during the 2007–2008 financial crisis. Design/methodology/approach: This paper adopts a Probit model to regress alternate real earnings management (REM)...

Purpose: This paper aims to investigate whether single-name options trading prior to earnings announcements is more informative when there exist real activity manipulations. Design/methodology/approach: Using 5,419 earnings announcements during 2004–2018 made by 208 public US companies with...