{"id":"https://openalex.org/W1992987535","doi":"https://doi.org/10.1080/1351847x.2013.809548","title":"Earnings management, forecast guidance and the banking crisis","display_name":"Earnings management, forecast guidance and the banking crisis","publication_year":2013,"publication_date":"2013-06-20","ids":{"openalex":"https://openalex.org/W1992987535","doi":"https://doi.org/10.1080/1351847x.2013.809548","mag":"1992987535"},"language":"en","primary_location":{"id":"doi:10.1080/1351847x.2013.809548","doi":"https://doi.org/10.1080/1351847x.2013.809548","is_oa":false,"landing_page_url":"https://doi.org/10.1080/1351847x.2013.809548","pdf_url":null,"source":{"id":"https://openalex.org/S82316188","display_name":"European Journal of Finance","issn_l":"1351-847X","issn":["1351-847X","1466-4364"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The European Journal of Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1953843","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035614418","display_name":"Elena Beccalli","orcid":"https://orcid.org/0000-0001-9093-4066","observed_orcids":["https://orcid.org/0000-0001-9093-4066"]},"institutions":[{"id":"https://openalex.org/I103320735","display_name":"Universit\u00e0 Cattolica del Sacro Cuore","ror":"https://ror.org/03h7r5v07","country_code":"IT","type":"education","lineage":["https://openalex.org/I103320735"]},{"id":"https://openalex.org/I909854389","display_name":"London School of Economics and Political Science","ror":"https://ror.org/0090zs177","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I909854389"]}],"countries":["GB","IT"],"is_corresponding":false,"raw_author_name":"Elena Beccalli","raw_affiliation_strings":["Department SEGESTA, Universit\u00e0 Cattolica del Sacro Cuore, Milano, Italy;Department of Accounting, London School of Economics, London, UK","Department SEGESTA, Universit\u00e0 Cattolica del Sacro Cuore, Milano, Italy","Department of Accounting, London School of Economics, London, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department SEGESTA, Universit\u00e0 Cattolica del Sacro Cuore, Milano, Italy;Department of Accounting, London School of Economics, London, UK","institution_ids":["https://openalex.org/I103320735","https://openalex.org/I909854389"]},{"raw_affiliation_string":"Department SEGESTA, Universit\u00e0 Cattolica del Sacro Cuore, Milano, Italy","institution_ids":["https://openalex.org/I103320735"]},{"raw_affiliation_string":"Department of Accounting, London School of Economics, London, UK","institution_ids":["https://openalex.org/I909854389"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069153596","display_name":"Saverio Bozzolan","orcid":"https://orcid.org/0000-0002-3385-4497","observed_orcids":["https://orcid.org/0000-0002-3385-4497"]},"institutions":[{"id":"https://openalex.org/I138689650","display_name":"University of Padua","ror":"https://ror.org/00240q980","country_code":"IT","type":"education","lineage":["https://openalex.org/I138689650"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Saverio Bozzolan","raw_affiliation_strings":["Department of Economics and Management, Universit\u00e0 di Padova, Padova, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Management, Universit\u00e0 di Padova, Padova, Italy","institution_ids":["https://openalex.org/I138689650"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082021549","display_name":"Andrea Menini","orcid":"https://orcid.org/0000-0001-8945-6079","observed_orcids":["https://orcid.org/0000-0001-8945-6079"]},"institutions":[{"id":"https://openalex.org/I138689650","display_name":"University of Padua","ror":"https://ror.org/00240q980","country_code":"IT","type":"education","lineage":["https://openalex.org/I138689650"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Andrea Menini","raw_affiliation_strings":["Department of Economics and Management, Universit\u00e0 di Padova, Padova, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Management, Universit\u00e0 di Padova, Padova, Italy","institution_ids":["https://openalex.org/I138689650"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044104834","display_name":"Philip Molyneux","orcid":"https://orcid.org/0000-0001-6210-7418","observed_orcids":["https://orcid.org/0000-0001-6210-7418"]},"institutions":[{"id":"https://openalex.org/I161548249","display_name":"Bangor University","ror":"https://ror.org/006jb1a24","country_code":"GB","type":"education","lineage":["https://openalex.org/I161548249"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Philip Molyneux","raw_affiliation_strings":["Bangor Business School, Bangor University, London, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bangor Business School, Bangor University, London, UK","institution_ids":["https://openalex.org/I161548249"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5044104834"],"corresponding_institution_ids":["https://openalex.org/I161548249"],"apc_list":null,"apc_paid":null,"fwci":1.4969,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.88673184,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"21","issue":"3","first_page":"242","last_page":"268"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/earnings-management","display_name":"earnings management","score":1.0},{"id":"https://openalex.org/keywords/forecast-guidance","display_name":"forecast guidance","score":0.9649999737739563},{"id":"https://openalex.org/keywords/european-banking-crisis","display_name":"European banking crisis","score":0.6510000228881836},{"id":"https://openalex.org/keywords/analyst-forecasts","display_name":"analyst forecasts","score":0.8140000104904175},{"id":"https://openalex.org/keywords/analyst-consensus","display_name":"analyst consensus","score":0.5649999976158142},{"id":"https://openalex.org/keywords/cumulative-abnormal-returns","display_name":"cumulative abnormal returns","score":0.8550000190734863},{"id":"https://openalex.org/keywords/bank-earnings","display_name":"bank earnings","score":0.6589999794960022},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.40700000524520874}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6300042867660522},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5242881178855896},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5136293768882751},{"id":"https://openalex.org/C2781009383","wikidata":"https://www.wikidata.org/wiki/Q15995636","display_name":"Earnings management","level":3,"score":0.4630126953125},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.43246734142303467},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4318715035915375},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2970854640007019},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08224564790725708}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1080/1351847x.2013.809548","doi":"https://doi.org/10.1080/1351847x.2013.809548","is_oa":false,"landing_page_url":"https://doi.org/10.1080/1351847x.2013.809548","pdf_url":null,"source":{"id":"https://openalex.org/S82316188","display_name":"European Journal of Finance","issn_l":"1351-847X","issn":["1351-847X","1466-4364"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The European Journal of Finance","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.1953843","doi":"https://doi.org/10.2139/ssrn.1953843","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1953843","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:taf:eurjfi:v:21:y:2015:i:3:p:242-268","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/1351847X.2013.809548","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:eprints.lse.ac.uk:51109","doi":null,"is_oa":false,"landing_page_url":"http://eprints.lse.ac.uk/51109/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401593","display_name":"London School of Economics and Political Science Research Online (London School of Economics and Political Science)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I909854389","host_organization_name":"London School of Economics and Political Science","host_organization_lineage":["https://openalex.org/I909854389"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:iris.luiss.it:11385/130897","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11385/130897","pdf_url":null,"source":{"id":"https://openalex.org/S4377196446","display_name":"IRIS - Institutional Research Information System (Libera Universit\u00e0 Internazionale degli Studi Sociali Guido Carli)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I56441308","host_organization_name":"Libera Universit\u00e0 Internazionale degli Studi Sociali Guido Carli","host_organization_lineage":["https://openalex.org/I56441308"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:www.research.unipd.it:11577/2665652","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/1351847X.2013.809548#.U58rkfl_vIZ","pdf_url":null,"source":{"id":"https://openalex.org/S4306402547","display_name":"Padua Research Archive (University of Padova)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I138689650","host_organization_name":"University of Padua","host_organization_lineage":["https://openalex.org/I138689650"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1953843","doi":"https://doi.org/10.2139/ssrn.1953843","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1953843","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":78,"referenced_works":["https://openalex.org/W26655026","https://openalex.org/W1481275059","https://openalex.org/W1483008754","https://openalex.org/W1489309933","https://openalex.org/W1498076685","https://openalex.org/W1512567772","https://openalex.org/W1522895698","https://openalex.org/W1588338683","https://openalex.org/W1707935632","https://openalex.org/W1789282784","https://openalex.org/W1842033523","https://openalex.org/W1969156355","https://openalex.org/W1994048166","https://openalex.org/W2006772293","https://openalex.org/W2022853176","https://openalex.org/W2023126882","https://openalex.org/W2024350370","https://openalex.org/W2029885462","https://openalex.org/W2036596347","https://openalex.org/W2040542382","https://openalex.org/W2045052249","https://openalex.org/W2065351829","https://openalex.org/W2066138894","https://openalex.org/W2067171170","https://openalex.org/W2073064823","https://openalex.org/W2081241058","https://openalex.org/W2081416478","https://openalex.org/W2083303559","https://openalex.org/W2086729180","https://openalex.org/W2100281146","https://openalex.org/W2106194552","https://openalex.org/W2109810483","https://openalex.org/W2115055354","https://openalex.org/W2115528682","https://openalex.org/W2128127523","https://openalex.org/W2131402935","https://openalex.org/W2134317772","https://openalex.org/W2139834742","https://openalex.org/W2141537185","https://openalex.org/W2148146051","https://openalex.org/W2149906223","https://openalex.org/W2150461711","https://openalex.org/W2155986724","https://openalex.org/W2156593004","https://openalex.org/W2977123588","https://openalex.org/W3021439583","https://openalex.org/W3023181463","https://openalex.org/W3121271314","https://openalex.org/W3121359457","https://openalex.org/W3121663342","https://openalex.org/W3121811967","https://openalex.org/W3121849701","https://openalex.org/W3122006636","https://openalex.org/W3122006740","https://openalex.org/W3122439383","https://openalex.org/W3122727838","https://openalex.org/W3122914765","https://openalex.org/W3122954337","https://openalex.org/W3123004495","https://openalex.org/W3123133930","https://openalex.org/W3123137041","https://openalex.org/W3123153848","https://openalex.org/W3123284902","https://openalex.org/W3123571220","https://openalex.org/W3123633846","https://openalex.org/W3124028559","https://openalex.org/W3124296688","https://openalex.org/W3124397182","https://openalex.org/W3124658167","https://openalex.org/W3125125500","https://openalex.org/W3125276712","https://openalex.org/W3125293673","https://openalex.org/W3125438718","https://openalex.org/W3125578260","https://openalex.org/W3125714376","https://openalex.org/W3125721493","https://openalex.org/W3125788531","https://openalex.org/W3125799992"],"related_works":["https://openalex.org/W3123185932","https://openalex.org/W7019902014","https://openalex.org/W2028121277","https://openalex.org/W597977911","https://openalex.org/W1481275059","https://openalex.org/W2121911084","https://openalex.org/W4385233837","https://openalex.org/W2106194552","https://openalex.org/W2061198639","https://openalex.org/W7160735662"],"abstract_inverted_index":{"This":[0],"paper":[1],"studies":[2],"earnings":[3,81],"management":[4,58,90],"and":[5,14,82,91],"forecast":[6,92],"guidance":[7,74,93],"activities":[8],"of":[9,28,78],"European":[10],"banks":[11,22,29],"between":[12],"2004":[13],"2008.":[15],"Using":[16],"22,564":[17],"analyst":[18,33,51],"forecasts":[19],"for":[20],"55":[21],"we":[23],"find":[24],"that":[25],"the":[26,42,55,65,76,84,98],"proportion":[27],"hitting":[30,79],"or":[31],"beating":[32],"consensus":[34,52],"fell":[35],"from":[36],"68.22%":[37],"pre-crisis":[38],"to":[39],"28.13%":[40],"during":[41,64,83],"crisis.":[43,56],"Banks":[44],"enjoy":[45],"higher":[46,87],"CARs":[47],"when":[48],"they":[49],"hit":[50],"only":[53],"in":[54,97],"Earnings":[57,89],"is":[59],"evident":[60],"pre-":[61],"but":[62],"not":[63],"crisis":[66,85,99],"\u2013":[67],"it":[68],"has":[69],"no":[70],"CAR":[71],"effects.":[72],"Forecast":[73],"increases":[75],"probability":[77],"benchmark":[80],"yields":[86],"CARs.":[88],"act":[94],"as":[95],"complements":[96],"period.":[100]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2016-06-24T00:00:00"}