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Detecting Creative Accounting in Businesses in Financial Distress
2019
Accounting and Finance Research
This paper investigates whether the management of firms in financial distress applies creative accounting techniques in order to fine-tune the elements of their financial statements. For this purpose, the financial statements of 385 Greek bankrupt firms of the trade and manufacturing sectors for the period 2003 to 2014 were analyzed. The sample was divided into two sub periods; in the period before the financial crisis, that is from 2003 to 2008, and the period 2009 to 2014 during which the
doi:10.5430/afr.v8n2p232
fatcat:gghzamokpfhthieqn625hwlhn4