Earnings management : evidence from intial public offerings of equity carve-outs.

• Main Authors: Chua, Elizabeth Cheng Lian., Koh, Cheryl Chea Lin., Lee, Lian Fen.
• 其他作者: Lim, Chee Yeow
• 格式: Final Year Project
• 出版: 2008
• 主題: DRNTU::Business::Finance::Equity
• 在線閱讀: http://hdl.handle.net/10356/8270
• 機構: Nanyang Technological University

In the presence of more public information on equity carve-outs as compared to pre-listed ordinary firms, this paper hypothesizes that carve-outs manage their earnings upward prior to initial public offerings in the face of management incentives. Using the Jones (1991) model, we find support for our...