shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …

We examine how shareholders' trust in managers is affected by the outcome of earnings management (inconsistent vs … their interests above shareholders' interests and/or when the method of earnings management suggests that managers … misreported the firm's economic performance. We argue that shareholders assess managers putting their interests above shareholders …

We examine how shareholders' trust in managers is affected by (1) the outcome of earnings management (inconsistent vs … have put their interests above shareholders' interests and/or when the method of earnings management suggests that managers … misreported the firm's economic performance. We argue that shareholders assess managers putting their interests above shareholders …