Real earnings management, liquidity risk and REITs SEO dynamics

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...

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Main Authors: DENG, Xiaoying, ONG, Seow Eng
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2018
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在線閱讀:https://ink.library.smu.edu.sg/lkcsb_research/7232
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機構: Singapore Management University
語言: English