Chou, De-Wai; Wang, C. Edward; Chen, Sheng-Syan; Tsai, … - In: Journal of Business Finance & Accounting 36 (2009-01) 1-2, pp. 73-98
This paper examines whether the long-run underperformance of convertible bond issuers can be explained by earnings management, as reflected in discretionary current accruals around the time of the offer. Consistent with the earnings management hypothesis, we find that convertible issuers who...