Our paper examines whether managers manipulate earnings.' We begin by modeling how a specific accounting number, the provision for bad debts, would be reported in the absence of...
Using a large sample of Japanese firm level data, we find that Japanese banks act primarily in the short term interests of creditors when dealing with firms outside bank groups....
This paper investigates the incentives and the penalties related to earnings overstatements primarily in firms that are subject to accounting enforcement actions by the Securiti...
ABSTRACT While the benefits of bank financing are relatively well understood, the costs are not. This paper argues that while informed banks make flexible financial decisions wh...
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