Cohen, Daniel A.; Zarowin, Paul - In: Journal of Accounting and Economics 50 (2010) 1, pp. 2-19
We show that SEO firms engage in real activities manipulation, and the decline in post-SEO performance due to the real activities management is more severe than that due to accrual management. Our evidence is important, because it shows that post-SEO operating underperformance is driven not just...