Research Library
FINANCIAL REPORTING AND CONFLICTING MANAGERIAL INCENTIVES: THE CASE OF MANAGEMENT BUYOUTS
By
Fischer P, Louis H
Working Papers
Date Released:
19/07/2010
PDF Document
We analyze the effect of external financing concerns on managers’ financial reporting behavior prior to management buyouts (MBOs). Prior studies hypothesize that managers intending to undertake an MBO have an incentive to manage earnings downward to reduce the purchase price.
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