The scope of this paper is to analyze the impact of the implementation of UEFA’s Financial Fair Play Regulations on the earnings management behavior of 84 European football clubs, for the period under investigation 2009-2011. This study, where earnings management was measured by income smoothing and accrual manipulation, indicates that the implementation of UEFA’s Financial Fair Play Regulations will increase earning manipulation. Thus, is very important that authorities (government, auditors) take all the necessary actions so as to protect shareholder’s and various stakeholder’s interests.
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