EAN: 9783319541204

FINANCIAL CRISES AND EARNINGS MANAGEMENT BEHAVI...

This book approaches the question of the relation between financial crises and earnings
management from two philosophical perspectives: positivism and critical realism. The results
obtained using the positivist approach indicate that financial crises tend to have no
consistent effect on earnings quality since managers' earnings behavior does not differ from
the pre-crisis to the crisis period. The author accordingly argues against the existence of a
causal law based on a constant conjunction model (i.e.  whenever a financial crisis happens 
earnings management occurs) and concludes that financial crises cannot be seen as the cause of
earnings management. The critical realism perspective  on the other hand  casts light on
managers' reasons for acting like an earnings manager  in conjunction with the more traditional
positivist approach  it assists in refuting the idea of financial crises as a generative
mechanism for earnings management. The author concludes by exploring other structures at work
that might be responsible for earnings management. This book will be of interest to both
academics and a wide range of professionals.

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