Accounting flexibility and managers' forecast behavior prior to seasoned equity offerings

• 主要作者: KIM, Jae Bum
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2016
• 主題: Voluntary disclosure; management earnings forecast; accounting flexibility; seasoned equity offerings; Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1564; https://ink.library.smu.edu.sg/context/soa_research/article/2591/viewcontent/AccountingFlexibilityManagerForecastSEO_2016.pdf

This study examines the effect of accounting flexibility on managers’ forecasting behavior prior to seasoned equity offerings (SEOs). Although SEO firms have a strong incentive to convey optimistic information to boost the pre-SEO stock price, they also face enhanced litigation risk arising from SEO...