Equity fund raising and “creative” accounting practices: Indications from Athens Stock Exchange for the 1999-2000 period

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Curtis, Panayiotis G.; Thalassinos, John E.;
(2005)
  • Publisher: University of Piraeus. International Strategic Management Association
  • Subject: Athens Stock Exchange, Earnings manipulation,Beneish Model, RNOA ratio, Z score | Stock exchanges -- Greece | Stocks -- Greece | Corporations -- Accounting
    • jel: jel:G

Management sometimes exploits the quest of shareholders for higher return on equity capital, by taking advantage of accounting rules gaps or violating them. The Beneish earnings detection manipulation model, is an attempt to reveal such illegal or at least unet... View more
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