Prior studies suggest that companies which go public manage earnings in order to inflate the issue price. However, for PE funds the use of such activity can be costly in terms of the reputation capital as they are repetitive stock market players. The main aim of the study is to empirically...

Firms use discretionary accounting choices to manage earnings disclosures around the time of certain types of corporate events. The IPO provides an opportunity to earnings management because of the significant information asymmetry between investors and issuers at the time of the offering. The...

The main goal of this article is an analysis of the development stage attained by the private equity market in Poland and its comparison with similar markets in other countries of Central and Eastern Europe. The main emphasis has been laid on the very essence of this source of capital and its...