search query: @author Alam, P. / total: 5
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| Author: | Makar, S. D. Alam, P. |
| Title: | Earnings management and antitrust investigations: Political costs over business cycles |
| Journal: | Journal of Business Finance and Accounting
1998 : JUN/JUL, VOL. 25:5-6, p. 701-720 |
| Index terms: | BUSINESS CYCLES ANTITRUST EARNINGS COSTS POLITICS LEGISLATION USA |
| Language: | eng |
| Abstract: | The paper examines evidence of earnings management related to wealth transfers (i. e. political costs) over business cycles. The sample consists of firms subject to merger-related antitrust investigation under section 7 of the Clayton Act. Literature and political cost hypothesis suggest that these firms' earnings management incentives might vary over national business cycles. Results of this study indicate that investigated firms do indeed choose income-decreasing discretionary accruals during expansions but not during recessions, in order to reduce the political costs associated with Clayton Act cases. |
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