Earnings Quality at the IPOS: The Influence of Opportunistic Behaviour and Ownership Control Mechanisms
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 12
Abstract
Earnings management at the time of the IPO is an important issue because it can lead investors to pay an unreasonable price for their shares. The paper reviews whether IPO firms engage in earnings management discretionary behaviour, by focusing on the accrual-based earnings management (AEM) models. It also determines on the influence of opportunistic behaviour and ownership control mechanisms towards earnings quality of IPO firms. The Jones, Modified Jones, Performance Matched, and Total Accrual Models wiil be used to investigate accrual activity behaviours in IPO firms. The quality of financial reporting in IPO firms is expected to be enhanced by limiting the opportunistic managerial discretion and ownership control mechanisms.
Authors and Affiliations
Zunaidah Sulong Sulong, Sharifah Nur Fazeuraida TMR, Mohd Rahim Ariffin, Hartini Ab. Ghani
Keywords
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- EP ID EP593915
- DOI 10.6007/IJARBSS/v8-i12/5212
- Views 73
- Downloads 0
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