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If a company’s corporate performance forecasting bias is not zero and it continues to over- or under-predict actual … performance, capital investments and employment will deviate from their expected levels. Therefore, forecast bias is a very … important issue for a company’s management. However, few empirical studies exist on corporate performance forecasting bias in …
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The validity of the use of financial statements as a source of information for detecting financial distress is questionable because of the opportunistic behaviour of the company’s management. This study aims to analyse the effect of accrual earnings management, real earnings management, and...
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