Earnings management and initial public offerings (IPO) firms in Singapore.
Chen, Yan Rong.
Lee, Eng Ann.
Date of Issue2004
College of Business (Nanyang Business School)
This paper examines the earnings management behavior of Initial Public Offering (IPO) firms in Singapore. Consistent with previous studies, our paper shows that IPO firms manage their earnings in IPO year. But contrary to existing literatures, we find that firms continue to manage their earnings beyond the listing year due to the influence of a longer duration of lockup period.
Nanyang Technological University