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dc.contributor.authorAhmad-Zaluki, Nurwati Aen_UK
dc.contributor.authorCampbell, Kevinen_UK
dc.contributor.authorGoodacre, Alanen_UK
dc.description.abstractThe paper provides general evidence of income-increasing earnings management in Malaysian IPOs but this occurs primarily during a period of severe economic stress (the East Asian crisis). The requirement to provide a profit guarantee appears to reduce rather than encourage earnings management. Within this high ownership concentration market, ownership concerns also appear to constrain IPO earnings management. Owners are willing to forego 'opportunistic' earnings management and signalling opportunities to increase their likelihood of retaining control of the company post-IPO. IPO companies engaging in aggressive earnings management have significantly worse market-based performance than their more conservative counterparts, but only during the economic crisis period.en_UK
dc.relationAhmad-Zaluki NA, Campbell K & Goodacre A (2009) Earnings Management in IPOs: Determinants and Post-IPO Performance.
dc.subjectinitial public offeringsen_UK
dc.subjectearnings managementen_UK
dc.subjectownership structureen_UK
dc.subjectlong run stock market performanceen_UK
dc.titleEarnings Management in IPOs: Determinants and Post-IPO Performanceen_UK
dc.typeWorking Paperen_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.contributor.affiliationNorthern University of Malaysiaen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationAccounting & Financeen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorAhmad-Zaluki, Nurwati A|en_UK
local.rioxx.authorCampbell, Kevin|0000-0003-4239-8590en_UK
local.rioxx.authorGoodacre, Alan|0000-0003-2632-6765en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Accounting and Finance Working Papers

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