Corporate focus, aftermarket returns & earnings management : a study on IPO firms.
Chua, Esther Ai Lin.
Sim, Kelly Jiali.
Lim, Serene Xiuling.
Date of Issue2003
College of Business (Nanyang Business School)
In this paper, we examine the relation between the degree of business complexity and the level of earnings management. We study firms that have issued initial public offerings from 1993 to 1998. Our analysis indicates that greater corporate diversification is associated with an increased level of discretionary accruals.
Final Year Project (FYP)
Nanyang Technological University