Di, Hui; Marciukaityte, Dalia; Goodwin, Eugenie A. - In: Managerial Finance 38 (2012) May, pp. 485-507
Purpose – Firms are concerned about earnings per share (EPS) dilution after equity issues. The purpose of this paper is to investigate whether firms manage upward their discretionary accruals around seasoned equity offerings (SEOs) to mitigate the impact of dilution on reported earnings....
