id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-12904	Shabani, Nor Afifah; Sofian, Saudah	Earnings Smoothing and Bankruptcy Risk in Liquidating Private Firms	2018	16	.pdf	application/pdf	6096	344	58	Saudah Sofian Department of Accounting and Finance Faculty of Management, Universiti Teknologi Malaysia, 81110 Johor, Malaysia E-mail: saudah@utm.my Received: March 18, 2018 Accepted: April 10, 2018 Published: June 1, 2018 doi:10.5296/ajfa.v10i1.12904 URL: https://doi.org/10.5296/ajfa.v10i1.12904 Abstract Keywords: earnings Smooth earnings are preferred by managers and creditors because they represent a stable business operations as well as low loan default risks and thus creditors reward firms which have smooth earnings with better loan covenant terms and lower interest rates. In contrast with the view of creditors that smooth earnings signals business’ viability (e.g. Tucker & Zarowin 2006; Amiram & Owens 2017; Dou et al. 2013), recent literature finds that earnings smoothing is associated with stock price crash risk.	cache/ajfa-12904.pdf	txt/ajfa-12904.txt