Liao, Tsai-Ling; Huang, Chih-Jen; Liu, Hsiao-Chi - In: Review of Pacific Basin Financial Markets and Policies … 18 (2015) 01, pp. 1550002-1
This study examines the relationship between initial public offering (IPO) managers' earnings management behavior during lockup (measured with discretionary accruals, DAs) and operating performance following lockup expiration (measured with operating return on assets, OPROAs). Based on a U.S....
