Acknowledgements -- Foreword looking back in order to look forward / Ken Roberts -- Understanding the changing youth labour market -- From the "golden age" to neo-liberalism -- The great transformation and the punitive turn -- Towards a new normality : work and unemployment in contemporary...

When we examine all firms in the sample we find that short-term debt is positively associated with earnings management consistent with some prior studies and the debt hypothesis. However, when we focus on high creditworthy (investment grade) firms we find a negative relation between short-term...