Kwag, Seung‐Woog (Austin); Stephens, Alan A. - In: Managerial Finance 36 (2009) 1, pp. 44-56
Purpose – The purpose of this paper is to investigate whether earnings management that surpasses a threshold is associated with market mispricing. Design/methodology/approach – The paper examines the level of discretionary current accruals (DCA) as a proxy for earnings quality. Operationally...