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The objective of this paper is to analyse the impact of COVID-19 on the earnings manipulation of firms and whether corporate governance has a mitigating effect. The methodological approach consists of two steps: in the first stage, a pooled ordinary least squares (OLS) regression model has been implemented to compute the earnings management proxies...
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... the firms where the COVID-19 impact is not clear have been excluded. As shown in Table 3, companies belonging to the category of most affected industries (construction and manufacturing) show a higher magnitude of both accounting and REM, for instance through operating cash flows and discretionary expenses manipulation, along with a significant mitigating effect of board size. However, those belonging to the category of least affected industries (healthcare, retail and telecommunications) report a lower level of AEM and REM during the pandemic and a nonsignificant mitigating effect of board size. ...Similar publications
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