The Reactions of Analysts and Institutional Investors to Firms’ Real Activities Management

• Main Authors: CHUNG, Sung Gon, LEE, Joonho
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Accounting; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/soa_research/998; http://aaahq.org/AM2012/abstract.cfm?submissionID=1553
• Institution: Singapore Management University

This study examines the effect of real activities management (RAM) on firms’ future performance and the reactions of analysts and institutional investors to RAM. The issue of whether RAM has a positive or negative effect on firms’ operating performance is not conclusive in the prior literature. We p...