Although US and European research has documented improvement in earnings quality
associated with corporate governance characteristics, the situation in Latin America is …

We survey and interview more than 400 executives to determine the factors that drive
reported earnings and disclosure decisions. We find that managers would rather take …

We assess the role of both accruals manipulation (AM) and real activities manipulation
(RAM) in inducing overvaluation at the time of a seasoned equity offering (SEO). Our results …

ABSTRACT I study whether managers use real activities manipulation and accrual-based
earnings management as substitutes in managing earnings. I find that managers trade off …

This paper examines how capital market pressures and institutional factors shape firms'
incentives to report earnings that reflect economic performance. To isolate the effects of …

This paper extends the work of Sloan (1996. The Accounting Review 71, 289) by linking
accrual reliability to earnings persistence. We construct a model showing that less reliable …

This paper examines whether the incidence of earnings management by UK firms depends
on board monitoring. We focus on two aspects of board monitoring: the role of outside board …

We examine determinants of weaknesses in internal control for 779 firms disclosing material
weaknesses from August 2002 to 2005. We find that these firms tend to be smaller, younger …

We examine the relation between accruals quality and internal controls using 705 firms that
disclosed at least one material weakness from August 2002 to November 2005 and find that …

I investigate the role of book‐tax differences in indicating the persistence of earnings,
accruals, and cash flows for one‐period‐ahead earnings. I also examine whether the level …