We investigate the association between managerial ability and revenue-expense matching. We find that firms having managers with better ability exhibit better contemporaneous revenue-expense matching because more capable managers estimate accruals more accurately and select the projects with...

Standard methods for calculating cartel-damages rely on data of prices charged and quantity sold. Such data may not easily be available. In this paper, it is shown that a lower bound for cartel-damages can also be computed from accounting data. In previous literature it is shown that economic...