Yoo, Youngtae; Lee, Jaehong; Chang, Jinho - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 01, pp. 1450005-1
The purpose of this paper is to inform investors of differences in opportunistic behavior between managers of BBB- and BB-graded firms as measured by earnings management and accounting conservatism. Previous studies investigate the gaps between grades and between investment and speculative...