This paper presents empirical evidence from a sample of publicly traded Singaporean firms on the question: to what extent do firms manage earnings through the timing of asset sales? Previous studies have focused on accounting motives behind asset sales, ignoring the need to also consider...

The objective of this study is to understand the managerial incentives that could influence Singapore-listed firm?s decision to take discretionary accruals, and to classify gains and losses as normal operating or extraordinary items, during the period 1997 to 1999. Both cross-sectional and...

This paper describes a case involving default on public (loan stock) debt by the listed Singaporean company, Inno- Pacific Holdings Limited. The case demonstrates through the chronology of events how technical default on public debt can be costly. The paper also documents the reactions of the...