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The Investment Opportunity Set and Earnings Management: Evidence from the Role of Controlling Shareholders

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Table 3 provides the descriptive statistics for the sample. The mean (median) absolute abnormal accruals are .05 (.04), whereas the mean (median) discretionary accruals are -.00 (.00)
Table 4 presents the correlation matrix for the dependent and independent variables for the full sample
TABLE 5 Continued

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