This paper examines the earnings patterns of initial public offering (IPO) firms in China to shed light on the role of earnings management in the quot;financial packagingquot; of Chinese state-owned enterprises (SOEs) for public listing. We base our analysis on the case of B-Shares and H-Shares...

This study examines some economic and organizational changes which result from the conversion of Mutual Thrift Institutions to publicly traded stock charter corporations. We focus on the relation between the initial value of the converted firm and subscription decisions by management and by...

This paper examines the earnings patterns of initial public offering (IPO) firms in China to shed light on the role of earnings management in the quot;financial packagingquot; of Chinese state-owned enterprises (SOEs) for public listing. We base our analysis on the case of B-Shares and H-Shares...

Motivated by recently renewed criticism of the current accrual accounting model we re-examine the extent to which cash flow and accrual accounting based measures are value relevant, and capable of explaining periodic changes in the firm's market value. Using the R square as a measure of...

Motivated by the European Union (EU) decision to mandate application of the International Financial Reporting Standards (IFRS) to the consolidated financial statements of all EU listed firms (Regulation (EC) 1606/2002), starting in December 2005, we compare the value relevance of accounting...