Di, Hui; Marciukaityte, Dalia; Goodwin, Eugenie A. - In: Managerial Finance 38 (2012) May, pp. 485-507
by the SEO-year earnings management. There is no relation between the SEO-year discretionary accruals and post-SEO stock …, consistent with the EPS dilution hypothesis. Such earnings management makes earnings smoother and more predictable, improving … earnings informativeness. The findings also suggest that misleading earnings management is not a common practice during the SEO …