Keywords: Economic downturn
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Journal Articles
Journal of Financial Reporting and Accounting (2012) 10 (2): 171–189.
Published: 19 October 2012
... income shifting behavior. Instead companies tend to manipulate earnings downwards during severe economic downturn. This is in line with Healy's bonus maximization hypothesis. Research limitations/implications The test sample is limited to public listed companies only and some companies are excluded...

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