Bank failure is the result of a defective management in banking leading the bank to a stage of bankruptcy, which means … bank. The paper presents the causes and consequences of bankruptcy and analysis the situation of bankruptcies in the …

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 …