Abnormal Accruals in Newly Public Companies: Opportunistic Misreporting or Economic Activity?
نویسندگان
چکیده
منابع مشابه
Abnormal Accruals in Newly Public Companies: Opportunistic Misreporting or Economic Activity?
Newly public companies tend to exhibit abnormally high accruals in the year of their initial public offering (IPO). Although the prevailing view in the literature is that these accruals are caused by opportunistic misreporting, we show that these accruals do not appear to benefit managers and instead result from the normal economic activity of newly public companies. In particular, and in contr...
متن کاملOpportunistic Adaptation in Start - Up Companies -
It has been proposed that a key success factor for entrepreneurial start-up companies in dynamic industries is their capacity to continuously adapt their business opportunistically. However, the concept of opportunistic adaptation is in need of further development and clarification in order to make it possible to empirically test its usefulness, something that this far has been done only to a l...
متن کاملThe Effects of Accruals and Cash Flow Anomalies on Net Profit and Abnormal Stock Returns in Accepted Companies in Tehran Securities Exchange
Reliability and efficacy of accruals and cash flows which are among the most important factors affecting dividend deviation have always been in question and subject to anomalies. The presence of these anomalies in accruals and cash flows and its effect on future returns and the consequences that they can have in country’s investments are the main motives to choose this issue for the current stu...
متن کاملAccounting Complexity and Misreporting: Manipulation or Mistake?
I explore the effect of accounting complexity on misreporting using a setting of revenue restatements. I measure revenue recognition complexity using a factor score based on the number of words and revenue recognition methods from the revenue recognition disclosure in the 10-K just prior to the restatement announcement. Results are consistent with revenue recognition complexity increasing the p...
متن کاملThe Influence of Corporate Governance in Chinese Companies on Discretionary Accruals and Real Earnings Management
This study investigates the influence of ownership structure and board characteristics on discretionary accruals and real earnings management using the data of A-shares in Chinese Shanghai and Shenzhen Stock Exchange Securities Market from 2002 to 2012. The empirical results show that institutions with high shareholding proportion or great shareholding concentration give managers incentives to ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Management Science
سال: 2016
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2015.2179