Investment Bank Reputation and Earnings Management in Initial Public Offerings

被引：0
|
作者：
Chen Shenglan [1 ]
机构：
[1] Inner Mongolia Univ, Sch Econ & Management, Hohhot 010021, Peoples R China
来源：
PROCEEDINGS OF THE 2010 INTERNATIONAL CONFERENCE ON TECHNOLOGY INNOVATION AND INDUSTRY DEVELOPMENT | 2010年
关键词：
Investment bank; Reputation; IPO; Earnings management; PERFORMANCE;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Analytical research suggests that more reputable investment banks can constrain the earnings management of IPO firms. Using a sample in the period after the approval system was introduced in the China's capital markets in 2001, the results show that the absolute value of discretionary accruals is significantly less when the firm is underwritten by a reputable investment bank. This is consistent that reputable investment banks can constraint earnings management and play an important role surrounding initial public offerings.
引用
收藏
页码：841 / 847
页数：7
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