Earnings Management of Insolvent Firms and the Prediction of Corporate Defaults via Discretionary Accruals

Studies on the characteristics of insolvent firms’ earnings management are critical, as the ripple effects of a firm’s opportunistic accounting and insolvency on society can be widespread and significant. This study divides a dataset of unlisted firms into four groups (large firms that have received...

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Bibliographic Details
Main Authors: Sam Bock Park, Sung-Kyoo Kim, Sangryul Lee
Format: Article
Published: MDPI AG 2021-03-01
Series:International Journal of Financial Studies
Online Access:https://www.mdpi.com/2227-7072/9/2/17