[fre] Le poids des créances douteuses en Chine est estimé à 391 Md$ (y compris créances détenues par les autorités de défaisance). Aujourd’hui, les créances douteuses ne constituent pas un gros problème. Le risque de crise financière est exclu. L’économie chinoise dispose de...

In this paper we hypothesize that CEOs will be motivated to manage earnings prior to a turnover decision. This motivation comes from the horizon problem for CEOs nearing retirement age and for CEOs whose profit-based bonus is a large portion of their total compensation. We find that firms in...

I investigate whether management earnings forecasts fully reflect the implications of accruals for future earnings. I find that managers overestimate accrual persistence in range forecasts but not in point forecasts and that managers' accrual-related forecast bias in range forecasts increases...