Rodríguez-Pérez, Gonzalo; van Hemmen, Stefan - In: Journal of Accounting and Public Policy 29 (2010) 2, pp. 138-159
In this article we use panel-estimation techniques to calculate discretionary accruals (DAC) and to produce a better understanding of the nature of the relation between debt and earnings management. Consistent with the transparency hypothesis (which suggests that diversification increases the...