𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Discussion of “Earnings management of seasoned equity offerings in Korea”

✍ Scribed by Trevor Wilkins


Book ID
114041955
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
49 KB
Volume
37
Category
Article
ISSN
0020-7063

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Earnings management and the underperform
✍ Siew Hong Teoh; Ivo Welch; T.J. Wong 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 290 KB

Seasoned equity issuers can raise reported earnings by altering discretionary accounting accruals. We find that issuers who adjust discretionary current accruals to report higher net income prior to the offering have lower post-issue long-run abnormal stock returns and net income. Interestingly, the