Impact of Earnings Manipulation on Valuation of Publicly Traded Restaurant Firms in the United States

REFERENCES

• Beneish , M. 1997 . Detecting GAAP violation: Implications for assessing earnings management among firms with extreme financial performance . Journal of Accounting and Public Policy , 16 : 271 – 309 .
   Google Scholar
• Beneish , M. 1999a . The detection of earnings manipulation . Financial Analysts Journal , 55 : 24 – 36 .
   Google Scholar
• Beneish , M. 1999b . Incentives and penalties related to earnings overstatements that violate GAAP . The Accounting Review , 74 : 425 – 457 .
   Web of Science ®Google Scholar
• Beneish , D. M. 2001 . Earnings management: A perspective . Managerial Finance , 27 : 3 – 17 .
   Google Scholar
• Bernstein , L. 1993 . Financial Statement Analysis , 5th , Homewood, IL : Irwin .
   Google Scholar
• Chan , K. , Jegadeesh , N. and Sougiannis , T. 2004 . The accrual effect on future earnings . Review of Quantitative Finance and Accounting , 22 : 97 – 121 .
   Google Scholar
• Dalbor , M. 2005 . Boston Chicken: fraud, failed concept or both? . The Hospitality Financial Management Review , 18 Summer : 2 – 3 .
   Google Scholar
• Dechow , P. , Sloan , R. and Sweeney , A. 1996 . Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC . Contemporary Accounting Research , 13 : 1 – 36 .
   Google Scholar
• Degeorge , F. , Patel , J. and Zeckhauser , R. 1999 . Earnings management to exceed thresholds . Journal of Business , 72 : 1 – 33 .
   Web of Science ®Google Scholar
• Dye , R. 1988 . Earnings management in an overlapping generations model . Journal of Accounting Research , 26 : 195 – 325 .
   Web of Science ®Google Scholar
• Healy , P. 1985 . The effect of bonus schemes on accounting decisions . Journal of Accounting and Economics , 7 : 85 – 107 .
   Web of Science ®Google Scholar
• Healy , P. and Pealepu , K. 2001 . Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature . Journal of Accounting and Economics , 31 : 405 – 440 .
   Web of Science ®Google Scholar
• Healy , P. and Wahlen , J. 1999 . A review of the earnings management literature and its implications for standard setting . Accounting Horizon , 13 : 365 – 383 .
   Google Scholar
• Holthansen , R. , Larcker , D. and Sloan , R. 1995 . Annual bonus schemes and the manipulation of earnings . Journal of Accounting and Economics , 19 : 29 – 74 .
   Google Scholar
• Laderman , J. 1998 . Who can you trust? . Business Week , October 5 : 132 – 156 .
   Google Scholar
• Mohanram , P. 2003 . How to manger earnings management? . Accounting World , October : 13 – 19 .
   Google Scholar
• Rangan , S. 1998 . Earnings management and the performance of seasoned equity offers . Journal of Financial Economics , 50 : 101 – 122 .
   Web of Science ®Google Scholar
• Richardson , V. 2000 . Information asymmetry and earnings management: some evidence . Review of Quantitative Finance and Accounting , 15 : 325 – 347 .
   Google Scholar
• Rosner , R. Earnings manipulation in failing firms . Contemporary Accounting Research , 20 ( 2 ) 361 – 408 .
   Google Scholar
• Sloan , R. 1996 . Do stock prices fully reflect information in accruals and cash flows about future earnings? . The Accounting Review , 71 : 289 – 315 .
   Web of Science ®Google Scholar
• Teoh , S. H. , Welch , I. and Wong , T. J. 1998 . Earnings management and the underperformance of seasoned equity offerings . Journal of Financial Economics , 50 : 63 – 99 .
   Web of Science ®Google Scholar
• Trueman , B. and Titman , S. 1988 . An explanation for income smoothing . Journal of Accounting Research , 26 : 127 – 139 .
   Google Scholar
• Warfield , T. , Wild , J. and Wild , K. Managerial ownership, accounting choices and informativeness of earnings . Journal of Accounting and Economics , 20 61 – 91 .
   Google Scholar
• Wiedman , C. 1998 . Instructional case: Detecting earnings manipulation . Issues in Accounting Education , 14 : 145 – 166 .
   Google Scholar