BROWN, LAWRENCE D.; PINELLO, ARIANNA SPINA - In: Journal of Accounting Research 45 (2007) 5, pp. 947-981
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>Managers play earnings surprise games to avoid negative earnings surprises by managing earnings upward or by managing analysts' earnings expectations downward. We investigate the effectiveness of the financial reporting process at restraining earnings surprise games. Because the annual...
