Earnings Management during a financial crisis

The book "Earnings Management during a Financial Crisis" by Renate van Zalk examines the phenomenon of earnings management during financial crises, particularly in the context of the implementation of International Financial Reporting Standards (IFRS). It analyzes whether the introduction of IFRS actually leads to a reduction in earnings management, even in crisis periods when it is more challenging for companies to achieve their financial goals. The author employs the methodology of Burgstahler and Dichev (1997) to analyze the distribution of earnings and compare significant differences between countries. France is considered as an example of a codified legal system, while the United Kingdom serves as an example of a common law system. The results indicate that the benefits of IFRS exist in certain situations, while they do not apply in others.