Dividend Policy and the Trade-Off Between Real and Accrual-Based Earnings Management: Empirical Evidence from the KOSPI Market
In this study, we examine whether dividend policy is associated differently with accrual-based earnings management and real earnings management measured through abnormal operating cash flow. We analyze 8839 firm-year observations from 569 non-financial firms listed in the Korea Composite Stock Price Index (KOSPI) marke...