The impact of initial public offering (IPO) attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management

IF 0.7 Q4 BUSINESS, FINANCE

Asian Academy of Management Journal of Accounting and Finance Pub Date : 2022-07-29 DOI:10.21315/aamjaf2022.18.1.10

Sani Hussaini Kalgo, H. S. Nahar, Bany Ariffin Amin Noordin

引用次数: 3

Abstract

The paper investigates Malaysian Initial Public Offering (IPO) firms’ financial reporting behaviour from the specific perspective of their earnings management (EM) practices covering both real (REM) and accrual (AEM) techniques. It further examines the impact of unique IPO attributes, firm level characteristics and ownership structure on both EM practices contemporaneously. Using the established and commonly used EM models to measure both AEM and REM for IPO firms from 2002 to 2013, the results indicate that IPO firms engage in both EM strategies around the corporate event. It also shows that such strategies are not just opportunistically motivated but attributable to several unique IPO attributes, firm level characteristics and ownership variables. The paper adds to the existing body of knowledge on IPO in the specific emerging country context of Malaysia which evidence from prior studies are observably scant.

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首次公开募股（IPO）属性、公司层面特征和所有权对马来西亚IPO公司盈余管理的影响

本文从马来西亚首次公开募股（IPO）公司的盈余管理（EM）实践的具体角度调查了其财务报告行为，包括真实（REM）和应计（AEM）技术。它进一步考察了独特的IPO属性、公司层面的特征和所有权结构对新兴市场实践的影响。使用已建立和常用的EM模型来衡量2002年至2013年IPO公司的AEM和REM，结果表明，IPO公司围绕公司事件采取了两种EM策略。研究还表明，这种策略不仅是机会主义动机，而且归因于几个独特的IPO属性、公司层面的特征和所有权变量。该论文补充了马来西亚特定新兴国家背景下IPO的现有知识体系，而先前研究的证据明显不足。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Academy of Management Journal of Accounting and Finance BUSINESS, FINANCE-

CiteScore

1.50

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： To provide a forum for the exchange of ideas and dissemination of empirical findings and analytical research in the specialized areas of accounting and finance with special emphasis on scholarly works with policy implications for countries in the Asia Pacific. The following are some of the topical subject areas relevant to the journal (but are not limited to): Accounting • Financial reporting and accounting standards • Auditing issues • Value based accounting and its relevance • Theory of accounting firm • Environmental auditing • Corporate governance issues • Public sector accounting Finance • Valuation of financial assets • International capital flows • Ownership and agency theory • Stock market behavior • Investment and portfolio management • Islamic banking and finance • Microstructures of financial markets