Purpose – The purpose of this paper is to investigate the interaction between earnings management and institutional shareholdings of firms conducting seasoned equity offerings (SEOs). Design/methodology/approach – The authors work on three issues: first, whether earnings management of firms...

Purpose – Prior research suggests that firms manipulate earnings through accruals to achieve certain reporting objectives. Recently, especially following the Sarbanes‐Oxley (SarbOx) Act, researchers have turned their attention to real account manipulation as an alternative. However, there is...

(VF)Cette étude teste l’hypothèse selon laquelle les dirigeants des sociétés françaises cotées gèrent les résultats comptables à la hausse autour de l’augmentation de capital, afin de soutenir la valeur marchande de l’entreprise avant l’opération. L’étude de 206...

Purpose – The purpose of this paper is to investigate the interaction between earnings management and institutional shareholdings of firms conducting seasoned equity offerings (SEOs). Design/methodology/approach – The authors work on three issues: first, whether earnings management of firms...

Purpose – Prior research suggests that firms manipulate earnings through accruals to achieve certain reporting objectives. Recently, especially following the Sarbanes-Oxley (SarbOx) Act, researchers have turned their attention to real account manipulation as an alternative. However, there is...

The poor stock price performance of firms that raise capital through seasoned equity offerings is one of the recent puzzles in financial literature. In this study we investigate whether pre-issue earnings management can explain these results for rights issues in Spain. Consistent with this...

Purpose – The purpose of this paper is to investigate the interaction between earnings management and institutional shareholdings of firms conducting seasoned equity offerings (SEOs). Design/methodology/approach – The authors work on three issues: first, whether earnings management of firms...