In The Accounting Review article "The effect of antitrust investigation on discretionary accruals: A refined test of the political-cost hypothesis", Cahan (1992) found that U.S. managers adjusted earnings in response to monopoly-related antitrust investigations. What would explain Cahan's findings? Discuss

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Cahans 1992 finding that US managers adjusted earnings downward adjusted earnings in response to during monopolyrelated antitrust investigations can b... View the full answer