English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 61686/94635 (65%)
造访人次 : 1632365      在线人数 : 17
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/76809


    题名: Can Corporate Governance Discipline Opportunistic Earnings Management during IPO Process?
    作者: Tang, Hui-wen
    贡献者: 淡江大學保險學系
    关键词: corporate governance;opportunistic earnings management;family control;initial public offerings;IPOs;stock performance;revenue management;long–run stock returns;Taiwan;discretionary current accruals;post–issue stock performance;accrual management;accounting discretion;family firms
    日期: 2012-01-01
    上传时间: 2012-05-19 07:48:55 (UTC+8)
    出版者: Inderscience Publishers
    摘要: This study investigates whether corporate governance can discipline opportunistic earnings management during IPO process and thus enhance long-run stock returns. Using a sample of IPOs in Taiwan, the study shows that there is a negative relation between pre-IPO discretionary current accruals (DCA) and post-issue stock performance. These findings suggest that though corporate managers might mislead the market by accrual management during IPO process, such as accelerating the recognition of revenues or deferring expenses, issuers cannot always manipulate accounting discretion to sustain their earnings. Most importantly, the results of the study demonstrate that corporate governance can deter the abuse of accounting discretion during IPO process, and thus reduce potential losses of investors who were temporarily deceived by opportunistic earnings management. Notably, in family-controlled firms, increasing institutional ownership or the presence of venture capitalists will aggravate stock reversal due to earnings management, which is different from the supervising effect on non-family controlled firms.
    關聯: International Journal of Revenue Management 6(3/4), pp.199-220
    DOI: 0.1504/IJRM.2012.050384
    显示于类别:[風險管理與保險學系] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    index.html0KbHTML297检视/开启

    在機構典藏中所有的数据项都受到原著作权保护.

    TAIR相关文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回馈