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Journal articles (2009), Research in Economics, 63 (1), pp. 11-21

Strategic Managerial Dishonesty and Financial Distress

BESANCENOT D., VRANCEANU Radu

In an economy where commercial lenders have imperfect information about the borrower, an excessive sanction for false financial statements could bring about more company defaults and a higher default premium.

BESANCENOT, D. and VRANCEANU, R. (2009). Strategic Managerial Dishonesty and Financial Distress. Research in Economics, 63(1), pp. 11-21.

Keywords : #Comportement-des-gestionnaires, #Coût-de-faillite, #Transparence