What Have We Learned About Earnings Management? Integrating Discontinuity Evidence
回顾并整合了会计文献中关于基准处断点的证据，认为盈余管理理论是对这些断点现象最简洁、最完整的解释。
Abstract The accounting literature includes numerous examples of discontinuities at prominent benchmarks that are widely interpreted as evidence that earnings are managed to meet those benchmarks. However, there are a few examples where discontinuities do not exist, which are sometimes interpreted as inconsistent with earnings management. Alternative explanations for discontinuities have also been suggested. This paper reviews, evaluates, and integrates the available evidence and concludes that the theory that earnings are managed to meet benchmarks provides the simplest and most complete explanation for the body of discontinuity‐related evidence.