Phillips et al.

Phillips et al. (2004) (hereafter PPRW) investigate whether changes in eight composings of net deferred tax liabilities can be used to identify firms that manage earnings to avoid earnings declines. PPRW increase existing literature that examines whether deferr tax expenditure can be used to find earnings management by collecting detailed information about accounts that affect the trap deferred tax liability (and deferr tax expense) to identify specific component parts of the net deferr tax liability that predict whether firms manage earnings. The paper investigates this issue by dint of ...

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