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This study examines the existence of earnings management by travel agencies operating in Poland at the time of global … disease threats over the last decade. To measure earnings management the estimation of total discretionary accruals was used … management does not occur as it is not necessary. In tough years, when the actual financial result becomes unsatisfactory …
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This paper provides a rationale for the coexistence of different systems of corporate governance based on the multitude of agency problems typically to be governed within a given firm. Because there are complementarity and substitution relationships between governance instruments, specific...
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monitor management are attenuated because monitoring shifts some of the firm's risk from management to owners. This …
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