tailieunhanh - Addressing abnormal corporate earnings from the context of acquisitions and board turnover

This paper used an ex post facto design to analyze sample of 3600 firm-years. The authors draw heavily from Jones model in estimating normal accrual, which was compared with actual total accrual to determine both upward and downward discretionary accrual behavior of potential outgoing managers and the new board leaders. | Addressing abnormal corporate earnings from the context of acquisitions and board turnover