Real earnings management, liquidity risk and REITs SEO dynamics

• المؤلفون الرئيسيون: DENG, Xiaoying, ONG, Seow Eng
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2018
• الموضوعات: Real estate investment trust; Seasoned equity offerings; Liquidity risk; Real earnings management; Finance and Financial Management; Real Estate
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/7232
• المؤسسة: Singapore Management University

We analyze how REITs managers use real earnings management to address issues of liquidity risk and increased cost of capital they face during seasoned equity offerings. We show that REITs managers engage in real earnings management instead of accrual earnings management to attract more uninformed tr...