The study finds also a significant relationship between EM and abnormal CFO generation. The downturn influences positive abnormal CFO generation with indebtedness, as well as negative abnormal CFO generation with firm size and market valuation. It has no significant influence through abnormal accruals on abnormal CFO generation.
Argilés-Bosch, J., García-Blandón, J. and Martínez-Blasco, M. (2012), "Earnings Management Behaviour Under the Recent Economic Downturn in Spain", Choi, J. and Sami, H. (Ed.) Transparency and Governance in a Global World (International Finance Review, Vol. 13), Emerald Group Publishing Limited, Bingley, pp. 231-255. https://doi.org/10.1108/S1569-3767(2012)0000013011Download as .RIS
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