Journal of Accounting Research Vol. 42 No. 5 2004
Effect of Investor Speculation on Earnings Management
Abstract
This paper considers how the presence of a speculative investor, who bets on a firm's future earnings report, affects how the firm's management manipulates that report. We examine the influence of the speculator's information on earnings management behavior, quality of reported earnings, and stock price efficiency. We also provide predictions for, and interpretations of, short‐window event studies and long‐window association studies.
- DOI
- 10.1111/j.1475-679x.2004.00158.x
- Volume
- 42
- Issue
- 5
- Pages
- 843-870
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref