Working Papers

Earnings Inflation Through Accruals and Real Activity Manipulation: Its Prevalence at the Time of an SEO and the Financial Market Consequences

Natalie Mizik and Robert Jacobson

Jan 1, 2008

Assesses whether firms inflate earnings through accounting accruals manipulation and/or through real activity earnings management (i.e., myopic management) at the time of seasoned equity offerings, and how the financial markets react to these behaviors.

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