Split-share Structure Reform and earning management between PRE_IPO and Post-IPO
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| Title | Split-share Structure Reform and earning management between PRE_IPO and Post-IPO
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| Author | Fang Junxiong |
| Organization | Fudan University |
| Email | jxfang@fudan.edu.cn |
| Key Words | IPO earning management split-share structure reform |
| Abstract | Whether earning management exists during IPO is one of hot topics for researchers and supervisors. This paper studies the impact of split-share structure reform on the earning management between pre-IPO and post-IPO. We find that the earning management during pre-IPO is lower than that of post-IPO and it is more salient after split-share structure reform. And we find the relationship between split-share structure reform and earning management only exists in private companies. These findings mean that the focus of supervision should transform to post-IPO. |
| Serial Number | WP751 |
| Time | 2014-11-04 |
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