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Keywords: options trading
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Journal Articles
Accounting Horizons (2024) 38 (3): 13–34.
Published: 01 September 2024
...Xin Dai; Zheng Qiao; Chongwu Xia SYNOPSIS This study examines how options trading plays a unique role in curbing firms’ earnings management. We find that options trading volume deters managers’ earnings manipulations, and the effect can be explained by unique characteristics of the options markets...