earnings management and the portions of primary and secondary shares sold in IPO. In order to investigate whether the earnings … management influences the issue of new shares and the sale of secondary shares I use Tobit and logit regressions, where … secondary shares in the IPO is more likely in companies using a conservative earnings management. Furthermore, negative …

shareholders are also important. I find evidence that the sale of secondary shares in the initial public offering may be seen as a … secondary shares were sold. …

shareholders are also important. I find evidence that the sale of secondary shares in the initial public offering may be seen as a … secondary shares were sold. …

shareholders are also important. I find evidence that the sale of secondary shares in the initial public offering may be seen as a … secondary shares were sold. …

This paper utilizes an understudied but often utilized aspect of initial public offerings (IPOs), secondary shares, to …