๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Firm size, timing, and earnings management of seasoned equity offerings

โœ Scribed by Shu, Pei-Gi; Chiang, Sue-Jane


Book ID
121334925
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
415 KB
Volume
29
Category
Article
ISSN
1059-0560

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โœ Siew Hong Teoh; Ivo Welch; T.J. Wong ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 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