It is believed that a substantial part of financial transactions in India occurs outside the regulated formal financial sector comprising banks, insurance firms, NBFCs and microfinance institutions. A variety products ...

We present first evidence that the manipulation of operating cash flows through misclassification is likely to be more common in the countries with weak investor protection and governance. We also show that managers ...

This study presents first evidence on the misclassification of income statement items by mangers in order to inflate gross profits. Specifically, managers classify costs of goods sold as other operating expenses thereby ...

The program aims to conduct research to understand the manner in which financial education, attitudes, behavioral biases, design and communication of financial products and services and financial advice influence the ...

We contribute to the literature on earnings management by the financially troubled firms, and present evidence that the managers of such firms are more likely to inflate core or operating income as compared to the healthy ...