Earnings Management and Performance of IPO Firms: Evidence from India:
Deepa Mangala,Mamta Dhanda +1 more
- Vol. 12, Iss: 1, pp 39-58
TLDR
In this paper, the authors proposed that disclosure through corporate annual reports is intended to enhance transparency and reduce information asymmetry during public issues, and that there is something fishy about the corporate annual report.Abstract:
Disclosure through corporate annual reports is intended to enhance transparency and reduce information asymmetry during public issues. Ritter (1991) revealed that there is something fishy i...read more
Citations
More filters
Journal ArticleDOI
The effect of earnings management on firm performance: The moderating role of corporate governance quality
TL;DR: In this article , the authors investigated the relationship between earnings management and financial performance of firms in Anglophone sub-Saharan African countries in a dynamic framework and showed how this relationship is moderated by aggregate disclosure and best-practice corporate governance quality metrics.
Journal ArticleDOI
Firm Performance, Corporate Social Responsibility and the Impact of Earnings Management during COVID-19: Evidence from MENA Region
TL;DR: In this article , the authors examined the relationship between corporate social responsibility (CSR) and firm performance in the MENA region before and after COVID-19 and found that environmental, social, and governance (ESG) scores have a favorable impact on return on assets.
Journal ArticleDOI
Earnings management and accounting performance of new firms listings: evidence from the Vietnamese stock market
Anh Huu Nguyen,Chi Thi Duong +1 more
TL;DR: In this paper , the authors investigate the phenomenon of earnings management and its impact on accounting performance at the time of the listing event and provide evidence that Vietnamese firms aggressively manipulate their earnings upward in the year before listing in an attempt to meet listing requirements when adopting current accruals models.
Journal ArticleDOI
The impact of financial performance and firm characteristics on earnings management: Case of Tunisian Companies
TL;DR: In this article , the effect of financial performance on earnings management, with the presence of a firm specific characteristics, in a non-credible financial information context such as Tunisia, was investigated.
Journal ArticleDOI
Women on boards, firm earnings management (EM) and performance nexus: does gender diversity moderate the EM–performance relationship?
TL;DR: In this paper , board gender diversity is used as a moderating variable in the relationship between earnings management and financial performance of firms in sub-Saharan Africa from a dynamic perspective, and the authors find that the performance effect of EM is contingent on board diversity and this finding persists even after controlling for dynamic endogeneity, simultaneity and unobserved time-invariant heterogeneity inherent in the EM and performance relationship.
References
More filters
Journal ArticleDOI
The Long‐Run Performance of initial Public Offerings
TL;DR: In this article, the authors used a sample of 1,526 IPOs that went public in the U.S. in the 1975-84 period, and found that in the 3 years after going public these firms significantly underperformed a set of comparable firms matched by size and industry.
Journal ArticleDOI
Errors in Estimating Accruals: Implications for Empirical Research
Paul Hribar,Daniel W. Collins +1 more
TL;DR: This article examined the impact of measuring accruals as the change in successive balance sheet accounts, as opposed to measuring the accruality directly from the statement of cash flows. But their primary finding is that studies using a balance sheet approach to test for earnings management are potentially contaminated by measurement error in accrual estimates.
Journal ArticleDOI
Earnings management and the performance of seasoned equity offerings1
TL;DR: The authors investigated whether earnings management around the time of the offering can explain a portion of the poor performance of seasoned equity offerings and found that earnings management during the year around the offering predicts both earnings changes and market-adjusted stock returns in the following year.
Journal ArticleDOI
Are Accruals during Initial Public Offerings Opportunistic
TL;DR: In this article, the authors find evidence that initial public offering firms, on average, have high positive issue-year earnings and abnormal accruals, followed by poor long-run earnings and negative abnormal accumulations.
Journal ArticleDOI
Earnings Quality at Initial Public Offerings
Ray Ball,Lakshmanan Shivakumar +1 more
TL;DR: In this paper, the authors show that the evidence reported by Teoh, Welch and Wong (1998) in support of the alternative hypothesis, that IPO firms opportunistically inflate earnings to influence the IPO price, is unreliable for a variety of reasons.