Corporate focus, aftermarket returns & earnings management : a study on IPO firms.

• Main Authors: Chua, Esther Ai Lin., Sim, Kelly Jiali., Lim, Serene Xiuling.
• Other Authors: Lim, Chee Yeow
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance
• Online Access: http://hdl.handle.net/10356/8896
• Institution: Nanyang Technological University

In this paper, we examine the relation between the degree of business complexity and the level of earnings management. We study firms that have issued initial public offerings from 1993 to 1998. Our analysis indicates that greater corporate diversification is associated with an increased level of di...