If markets are truly efficient, does it matter whether firms engage in earnings management? On the other

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If markets are truly efficient, does it matter whether firms engage in earnings management? On the other hand, if firms manage earnings, what does that say about management’s view on efficient markets?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:00 AM

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If markets are truly efficient, does it matter whether firms engage in earnings management? On the other

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Earnings management should not matter in a truly efficient market where all publicly avail...View the full answer

Investments

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