Hazarika, Sonali; Karpoff, Jonathan M.; Nahata, Rajarishi - In: Journal of Financial Economics 104 (2012) 1, pp. 44-69
The likelihood and speed of forced CEO turnover – but not voluntary turnover – are positively related to a firm's earnings management. These patterns persist in tests that consider the effects of earnings restatements, regulatory enforcement actions, and the possible endogeneity of CEO...
