A Comparative Analysis of Real and Accrual Earnings Management around Initial Public Offerings under Different Regulatory Environments
Alhadab, M, Clacher, I and Keasey, K
(2016)
A Comparative Analysis of Real and Accrual Earnings Management around Initial Public Offerings under Different Regulatory Environments.
Journal of Business Finance & Accounting, 43 (7/8).
pp. 849-871.
ISSN 0306-686X
Abstract
While earnings management around IPOs has been researched in a number of settings, there has been a relative absence of work that analyses the impact of the regulatory environment on such activities. We find that the regulatory environment does impact the real and accrual earnings management activities of IPO firms. Our results show that IPO firms listing on the lightly regulated UK Alternative Investment Market (AIM) have higher (lower) levels of accrual based and sales based (discretionary expenses based) earnings management around the IPO than firms listing on the more heavily regulated Main market in the UK.
Metadata
Authors/Creators:
Alhadab, M
Clacher, I
Keasey, K
Copyright, Publisher and Additional Information:
This article is protected by copyright. All rights reserved. This is the peer reviewed version of the following article: Alhadab, M, Clacher, I and Keasey, K (2016) A Comparative Analysis of Real and Accrual Earnings Management around Initial Public Offerings under Different Regulatory Environments. Journal of Business Finance and Accounting. ISSN 0306-686X, which has been published at http://dx.doi.org/10.1111/jbfa.12201. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Keywords:
accounting choices, earnings management, initial public offerings, regulatory environment
CORE (COnnecting REpositories)
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