Parte Esteban, Laura; Such Devesa, Maria Jesús - In: Investigaciones europeas de Dirección y Economía de … 17 (2011) 1, pp. 113-135
This paper focuses on earnings benchmarks using a sample of Spanish hotel firms. In particular, we examine two earnings benchmarks: loss avoidance and earnings decreases avoidance. First, we use frequency histograms to detect a discontinuity around zero. Second, we use discretionary accruals and...