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The danger of exposure to melamine drew worldwide attention in 2007 when in several food scandals it was found deliberately added to animal feeds leading to thousands of pet animal deaths in the United States and in foods in 2008 when it led to more than 50,000 cases of nephrolithiasis in ...
Using a unique database of monthly media advertising spending, we examine whether managers engage in real earnings management to meet quarterly financial reporting benchmarks. We extend prior literature by (1) separately analyzing advertising activities, allowing us to explore the possibility that manage...