Aharony, Joseph; Wang, Jiwei; Yuan, Hongqi - In: Journal of Accounting and Public Policy 29 (2010) 1, pp. 1-26
Using a sample of 185 Chinese IPO firms listed on the Shanghai Stock Exchange during the period 1999-2001, we show that related-party (RP) sales of goods and services could be used opportunistically to manage earnings upwards in the pre-IPO period. We also provide evidence that such behavior may...
