Degeorge, Francois; Patel, Jayendu; Zeckhauser, Richard - In: The Journal of Business 72 (1999) 1, pp. 1-33
Earnings provide important information for investment decisions. Thus, executives--who are monitored by investors, directors, customers, and suppliers--acting in self-interest and at times for shareholders, have strong incentives to manage earnings. The authors introduce behavioral thresholds...