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This study examines the earnings management behaviour of 455 distressed US firms that filed for bankruptcy during the … stock returns. Our results are consistent with downwards earnings management 1 year prior to the bankruptcy-filing. Results … also show that (a) firms receiving unqualified audit opinions 4 or 5 years prior to the bankruptcy-filing event manage …
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This review considers two recently published texts, Company Directors' Responsibilities to Creditors by Andrew Keay, hereafter identified as Keay's text, and Directors' Duties During Insolvency by Allens Arthur Robinson, hereafter identified as Allens' text. Where possible comparisons are drawn...
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