Narrow search
Showing 1 - 10 of 45,472
Cover Image
Underwriter Reputation, Issuer Ownership, and Pre-IPO Earnings Management : Evidence from China
Chen, Chao - 2012
underwriter reputation for issuers with different ownership structures in China. We document a significantly inverse relationship … between underwriter reputation and pre-IPO earnings management for non-state-owned enterprises (NSOE) issuers only, while no …, underwriter reputation is positively correlated with issuer post-IPO performance indicating that prestigious underwriters can …
Persistent link: https://www.econbiz.de/10013097123
Cover Image
Earnings management around initial public offerings : a re-examination
Armstrong, Christopher; Foster, George; Taylor, Daniel J. - 2009 - Last rev.: September 29, 2009
Newly public companies tend to exhibit abnormally high accruals in the year of their initial public offering (IPO). Although the prevailing view in the literature is that these accruals are caused by opportunistic misreporting, we show that these accruals do not appear to benefit managers and...
Persistent link: https://www.econbiz.de/10009349838
Cover Image
The Dynamics of Earnings Management in IPOs and the Role of Venture Capital
De Carvalho, Antonio Gledson - 2020
We investigate the dynamics of earnings management (EM) in IPOs and the role of venture capitalist (VC) in hampering such practice. We study the behavior of EM in four phases: Pre-IPO, IPO, Lock-up and Post-lock-up. We find that VC-sponsored firms tend to do more EM in the Pre-IPO period, and...
Persistent link: https://www.econbiz.de/10012829621
Cover Image
Role of Underwriters in Restraining Earnings Management in Initial Public Offerings
Lee, Hei Wai - 2017
We investigate the relationship between underwriter reputation and earnings management of IPO firms over the period of …
Persistent link: https://www.econbiz.de/10012975427
Cover Image
Do Initial Public Offering Firms Manage Accruals? Evidence from Individual Accounts
Cecchini, Mark - 2017
We examine whether initial public offering (IPO) firms exercise discretion over an individual accrual account on the balance sheet - the allowance for uncollectible accounts - and an individual accrual account on the income statement - bad debt expense. Our research design exploits a unique...
Persistent link: https://www.econbiz.de/10012975918
Cover Image
Credit Rating Impact on Earnings Management Around Initial Public Offerings
Gounopoulos, Dimitrios - 2016
This study examines the impact of having a credit rating on earnings management (EM) through accruals and real activities manipulation by initial public offering (IPO) firms. We find that firms going public with a credit rating are less likely to engage in income-enhancing accrual-based and real...
Persistent link: https://www.econbiz.de/10013002866
Cover Image
Initial Public Offerings, Earnings Management and Venture Capital : Evidence in Bull and Bear Market Conditions
Cho, Jaemin - 2012
Earnings management at the time of the IPO is an important issue and has captured considerable attention of academic literatures. However, there have been few studies testing earnings management in the context of market condition, and when financial intermediaries such as venture capital (VC)...
Persistent link: https://www.econbiz.de/10013106128
Cover Image
Real Earnings Management and Governance Attributes in the Context of IPO Failure
Amna, Chalwati - 2014
This study examines the association between real earnings management, governance attributes, and IPO failure risk. Using a sample of 4174 IPOs firms that went public over the period of 1998-2011, we find evidence that real earnings management and governance attributes are associated with IPO...
Persistent link: https://www.econbiz.de/10013060764
Cover Image
Underwriter reputation and the quality of certification : evidence from high-yield bonds
Andres, Christian; Betzer, André; Limbach, Peter - 2013
-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …
Persistent link: https://www.econbiz.de/10010191992
Cover Image
Initial Performance of Greek IPOs, Underwriter's Reputation and Oversubscription
Kenourgios, Dimitris - 2014
This paper provides additional international evidence on the IPOs by examining the initial performance and two main determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial performance of the IPOs is measured by...
Persistent link: https://www.econbiz.de/10013044248