Underinvestment and value relevance of earnings management
The aim of this study is to examine whether earnings management among underinvestment firms is positively related to share price. Firms are said to have high growth opportunity but is unable to fund investment projects due to liquidity constraints because of the information asymmetry between the f...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2016
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| Online Access: | http://journalarticle.ukm.my/10801/ http://journalarticle.ukm.my/10801/ http://journalarticle.ukm.my/10801/1/9290-43009-1-PB.pdf |