Earnings quality of Indonesian firms surrounding initial public offerings

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2018-01-24 DOI:10.1504/IJAAPE.2018.10010457

Y. Hutagaol-Martowidjojo, Felita Widyanto

引用次数: 2

Abstract

This research aims to examine the changes in earnings quality of Indonesian firms transitioning from private to public companies by examining accounting-based attributes of earnings; accrual quality, earnings persistence, and earnings predictability, before and after IPO. Accrual quality is assessed using the abnormal accrual model and Dechow and Dichev (DD) model; earnings persistence and predictability are assessed through net income autoregressive model. Using 103 Indonesian non-finance IPO firms, this research concludes that earnings quality of IPO firms changed along with the alteration of their status from private to public firms. Post-IPO (after becoming public firms), the sample shows a higher quality of earnings in terms of accrual quality and earnings persistence increases after IPO. However, this research could not reject the hypothesis of decreasing post-IPO earnings predictability due to the nature of IPO firms.

查看原文本刊更多论文

印尼公司首次公开募股的盈利质量

本研究旨在通过检验基于会计的盈余属性，检验印尼公司从私营公司向上市公司转型时盈余质量的变化;应计质量、盈余持续性和盈余可预测性，IPO前后。采用异常应计模型和Dechow and Dichev (DD)模型对应计质量进行评价;通过净利润自回归模型对盈余持续性和可预测性进行评估。本文以103家印尼非金融类IPO企业为研究对象，发现IPO企业的盈余质量随其从民营企业到上市公司的转变而发生变化。上市后(成为上市公司后)，样本在应计质量和盈余持续性方面显示出更高的盈余质量。然而，由于IPO公司的性质，本研究不能拒绝IPO后收益可预测性降低的假设。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.