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Earnings Management and Privatisations : Evidence from Pakistan
Iqbal, Abdullah - 2015
accruals in the year prior to and/or in the year of privatization. The SOEs used both short term and long term accruals to … inflate reported earnings. These accruals got reversed in the post-privatization period. These findings suggest that managers … of the firms under privatization were engaged in earnings management to inflate their firms' financial worth to maximize …
Persistent link: https://www.econbiz.de/10013013125
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Can Short Selling Constrain the Shift between Accrual-Based and Real Earnings Management?
Cai, Tianyu; Guo, Lixiong; Tan, Yongxian - 2021
We study the causal effects of short selling on real earnings management by exploiting an exogenous shock to short selling costs under the pilot program of Regulation SHO. We find the removal of short selling constraints leads to a reduction of real earnings management in pilot firms relative to...
Persistent link: https://www.econbiz.de/10013213855
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Reforming Private Securities Litigation in China : The Stock Market Has Already Cast its Vote
Xu, Wenming - 2016
This paper employs a natural experiment research design to analyze the differences in the effects of the 2002 notice concerning private securities litigation issued by the Supreme People's Court on stock price performance in A/B-share markets. Using a sample of 162 twin A/B-shares issued by 81...
Persistent link: https://www.econbiz.de/10013005511
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Corporate site visits, private information communication, and earnings management : evidence from China
Jiang, Yu; Lei, Adrian C. H.; Wang, Tao; Li, Chuntao - In: Review of accounting & finance 21 (2022) 4, pp. 249-273
Persistent link: https://www.econbiz.de/10013368333
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Earnings Management Determinants : A Study of Egyptian Listed Firm Characteristics Post the Egyptian Revolution
Elhawary, Engy; Hassouna, Dina - 2022
This research aims to look at how firm characteristics and audit quality can affect the earning management practices in the Egyptian context, within the period of 2011–2019. This period was after the Egyptian revolution and has not been well investigated in Egypt, especially after the new...
Persistent link: https://www.econbiz.de/10013294412
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Real Earnings Management and Governance Attributes in the Context of IPO Failure
Amna, Chalwati - 2014
This study examines the association between real earnings management, governance attributes, and IPO failure risk. Using a sample of 4174 IPOs firms that went public over the period of 1998-2011, we find evidence that real earnings management and governance attributes are associated with IPO...
Persistent link: https://www.econbiz.de/10013060764
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A Game of Accounting Numbers in Asset Pricing : Evidence from the Privatization of State-Owned Enterprises
Chen, Charles J. P. - 2011
private investors in the privatization of state-owned enterprises (SOEs). We find that the managers of listed Chinese SOEs … turnover rate in the year following the privatization. These findings highlight the need to consider the opportunism of …
Persistent link: https://www.econbiz.de/10013121129
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The False Promise of Publicly Offered Private Placements
Warren, Manning G. - 2017
This article addresses Congress's promise that an exemption for private placements publicly offered to accredited investors, as mandated by Title II of the Jumpstart Our Business Startups Act (JOBS Act), would provide greater access to capital for our nation's businesses. Based on an extensive...
Persistent link: https://www.econbiz.de/10012960990
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Going Public or Staying Private : The Cost of Mandated Transparency
Guo, Yifeng - 2020
communication is a mechanism by which mandatory disclosure may destroy value, leading firms to remain private …
Persistent link: https://www.econbiz.de/10012847432
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Private communication between managers and financial analysts : evidence from taxi ride patterns in New York City
Choy, Stacey; Hope, Ole-Kristian - 2022
This study constructs a novel measure that aims to capture face-to-face private communications between firm managers and sell-side analysts by mapping detailed, large-volume taxi trip records from New York City to the GPS coordinates of companies and brokerages. Consistent with earnings releases...
Persistent link: https://www.econbiz.de/10012886366