Boom, Slump, Sudden stops, Recovery, and Policy Options. Portugal and the Euro

Over the past 20 years, Portugal has gone through a boom, a slump, a sudden stop, and now a timid recovery. Unemployment has decreased, but remains high, and output is still far below potential. Competitiveness has improved, but more is needed to keep the current account in check as the economy recovers. Private and public… Continue reading Boom, Slump, Sudden stops, Recovery, and Policy Options. Portugal and the Euro

Earnings Management Dynamics in Portuguese Listed Firms

There are several incentives to engage in earnings management, which managers need to consider. Likewise, there are different ways to drive earnings and cash flows in a certain direction. ¬†Given the complex context in which firms operate, earnings management may be seen has a continuous and iterative process characterized by a mixture of incentives and… Continue reading Earnings Management Dynamics in Portuguese Listed Firms