Financial Crises and Earnings Management Behavior - Arguments and Evidence Against Causality (Hardcover, 1st ed. 2018)

This book approaches the question of the relation between financial crises and earnings management from two philosophical perspectives: positivism and critical realism. The results obtained using the positivist approach indicate that financial crises tend to have no consistent effect on earnings quality since managers' earnings behavior does not differ from the pre-crisis to the crisis period. The author accordingly argues against the existence of a causal law based on a constant conjunction model (i.e., whenever a financial crisis happens, earnings management occurs) and concludes that financial crises cannot be seen as the cause of earnings management. The critical realism perspective, on the other hand, casts light on managers' reasons for acting like an earnings manager; in conjunction with the more traditional positivist approach, it assists in refuting the idea of financial crises as a generative mechanism for earnings management. The author concludes by exploring other structures at work that might be responsible for earnings management. This book will be of interest to both academics and a wide range of professionals.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Contributions to Management Science
Release date:	August 2017
First published:	2018
Authors:	Bruno Maria Franceschetti
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	161
Edition:	1st ed. 2018
ISBN-13:	978-3-319-54120-4
Categories:	Books > Business & Economics > Economics > Financial crises & disasters Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management Books > Money & Finance > Corporate finance
LSN:	3-319-54120-X
Barcode:	9783319541204

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