One of the reasons for earnings management is the motivation to abide by (debt covenant) the contract agreement. This earnings management is utilized by as effort to avoid the violation debt covenant. In positive accountancy theory about debt covenant hypothesis. earnings management done at the time of coming near debt covenant. https://www.hindigyanvishv.com/deal-time-Universal-Steering-Wheel-Control-Input-Interface-APUNISW2-hot-grab/