We examine the impact of the 2008-2009 financial crisis on the earnings management behavior of European-listed firms. We find that earnings management has significantly decreased in the crisis years. This trend is confirmed in most of the 16 countries under review. We also report a link between the level of earnings management and the economic growth rate and provide evidence suggesting that national characteristics and market forces affect the propensity of income smoothing but not accruals quality. Lien vers l'article
FILIP, A. and RAFFOURNIER, B. (2014). Financial Crisis and Earnings Management: The European Evidence. International Journal of Accounting, 49(4), pp. 455-478.