This study uses text analysis to extract stable supplier information from company annual reports and discusses its impact on the real earnings management strategies used during a private placement period. The results show that companies with stable suppliers conducted more downward real earnings...

Leveraging the required disclosure of three-year before initial public offering (IPO) data in Chinese IPO firms, we examine the real earnings management (REM) around IPOs with specific reference to IPO firms with and without a customer strategic alliance (CSA) relationship before IPO. Using a...

Capitalizing on a quasi-natural experiment in China where some firms become investible to the global market across different times (i.e., pilot firms), we explore the role that stock market liberalization plays in shaping firms' financial reporting practices. In one direction, market...