Definition of opportunistic perspective under capital market research?

There are two main perspectiveson earnings management: Opportunistic perspective and information perspective. Theopportunistic perspective suggests that managers seek to mislead investors whereasthe information perspective argues that managers use their discretion when providinginformation to investors on their personal view as to a firm’s future cash flow. Therehas been much research on the opportunistic perspective but limited for theinformation perspective with regards to earnings management (Beneish 2001).