Ahmad-Zaluki, Nurwati A.; Campbell, Kevin; Goodacre, Alan - In: The International Journal of Accounting 46 (2011) 2, pp. 111-137
We find evidence of income-increasing earnings management in Malaysian IPOs, which occurs primarily for IPOs during a period of severe economic stress (the East Asian crisis). Within the high-ownership-concentration Malaysian market, post-IPO control concerns also appear to constrain IPO...