Earnings management and the long-run market performance : further evidence on equity carve-outs

• Main Authors: Lee, Mei Xiang, Ong, Mabel Hwee Yue, Vimmala Sree Veerappan
• Other Authors: Lim, Chee Yeow
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/8239
• Institution: Nanyang Technological University

Investigates whether equity carve-outs manage their earnings prior to its IPO and how earnings management affects the performance of the newly issued stock. The modified Jones model and multivariate regression are used to test for the presence of earnings management and its effect on the performance...