Guan, Liming; Lin, Fengyi; Fang, Wenchang - In: Emerging Markets Finance and Trade 44 (2008) 4, pp. 19-32
Using Benford's (1938) law, this study documents pervasive evidence that managers of publicly listed Taiwanese firms tend to engage in earnings manipulative activities, rounding earnings numbers to achieve key reference points. Consistent with prior studies on rounding behavior in other...