Quarterly Earnings Patterns and Earnings Management*


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    Accepted by Jeffrey Callen. An earlier version of this paper was presented at the 2007 Contemporary Accounting Research Conference, generously supported by the Canadian Institute of Chartered Accountants. We thank Jeffrey Callen (associate editor), two anonymous reviewers, Christine Wiedman (the CAR conference discussant), Mary Ellen Carter, John Dickhaut, Ranjan D'Mello, Peter Easton, Stuart Gillan, Dan Givoly, Bob Hagerman, Chandra Kanodia, Jack Kareken, S. Maheswaran, Morton Pincus, Bal Radhakrishna, Judy Rayburn, Douglas Schroeder, Tom Stober, Jaeyoung Sung, Ram Venkataraman, Terry Warfield, Baohua Xin, and participants of seminars at SUNY—Buffalo, University of Minnesota, George Mason University, University of Cincinnati, 2007 Contemporary Accounting Research Conference, 1999 American Accounting Association National Conference, 1999 Financial Management Association Conference, 2000 Financial Economics and Accounting Conference, and the Securities and Exchange Commission—Office of Economic Analysis for helpful discussions and comments.