Ye, Yunlong; Hong, Hong; Wu, Dingwen; Sun, Tong - In: China journal of accounting studies 12 (2024) 1, pp. 71-105
China's STAR Market, with its registration-based IPO system, blends market-oriented features with growth criteria, making it an ideal research setting to analyze IPO companies' growth manipulation and its economic impacts. Using data from 2019 to 2021, our study employs non-parametric methods to...