Show simple item record

dc.contributor.authorChung, Richard Yiu-Ming
dc.contributor.authorNiu, Yanjun
dc.contributor.authorWei, Steven
dc.date.accessioned2017-05-03T16:02:34Z
dc.date.available2017-05-03T16:02:34Z
dc.date.issued2013
dc.date.modified2013-12-02T23:45:06Z
dc.identifier.issn1810-3057
dc.identifier.urihttp://hdl.handle.net/10072/54723
dc.description.abstractThis study examines the presence of real activities manipulation (REM) of IPO firms utilizing the cross-sectional regressions on each industry-year (Roychowdhury, 2006). The real activities examined in this paper include sales manipulation, reduction of discretionary expenses and overproduction. We show that IPO firms have significantly negative abnormal cash flows from operations and significantly positive abnormal production costs in the IPO year. The findings suggest that IPO firms not only manipulate accruals to inflate reported earnings, but also engage in real activities manipulation. We also show that IPO firms. decisions to manipulate earnings in the IPO year is positively related to the amounts of IPO proceeds and negatively related to the underwriters. reputation rankings and the presence of venture capital.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent773668 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherVirtus Interpress
dc.publisher.placeUkraine
dc.publisher.urihttp://www.virtusinterpress.org/-Corporate-Ownership-and-Control-.html
dc.relation.ispartofstudentpublicationY
dc.relation.ispartofpagefrom76
dc.relation.ispartofpageto94
dc.relation.ispartofissue3
dc.relation.ispartofjournalCorporate Ownership & Control
dc.relation.ispartofvolume10
dc.rights.retentionY
dc.subject.fieldofresearchFinancial Accounting
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchBusiness and Management
dc.subject.fieldofresearchcode150103
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1503
dc.titleReal and Accrual Earnings Management Around IPOs: US Evidence
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2013 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2013
gro.hasfulltextFull Text
gro.griffith.authorChung, Richard Yiu-Ming
gro.griffith.authorBao, Ben-Hsien


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record