Does Leverage Constrain Real and AEM Around IPO Corporate Event? Evidence from the Emerging Market (Record no. 52376)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02083nam a2200229 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190807121606.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190807b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Kalgo, Sani Hussaini |
| 9 (RLIN) | 34093 |
| 245 ## - TITLE STATEMENT | |
| Title | Does Leverage Constrain Real and AEM Around IPO Corporate Event? Evidence from the Emerging Market |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 354-367 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article investigates whether Malaysian initial public offering (IPO) firms engage in real and accrual earnings management (AEM) and examines the impact of leverage on the earnings management’s discretionary behaviour of the firms for the period of 2003–2013. The Dechow, Sloan, and Sweeney (1995, The Accounting Review, 70[2], 193–225) cross-sectional modified Jones model was used to estimate discretionary accruals, while Roychowdhury’s (2006, Journal of Accounting and Economics, 42[3]), 335–370) cross-sectional models were used to investigate abnormal real activity discretionary behaviour. The results indicate Malaysian IPO firms engage in real and accrual discretionary behaviour. The graphical presentations of the earnings’ management proxies indicate higher real and AEM for high-leverage firms. Similarly, the multivariate analysis indicates a positive relationship between leverage and earnings management, which is in tandem with the agency cost of free cash flow theory and debt hypothesis. It is also consistent with the pecking-order theory of capital structure. This study suggests that regulatory agencies and standard setters should continue to improve quality of accounting reports in order to protect investors’ invested capital. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Real earnings management |
| Uncontrolled term | Accrual earnings managemen |
| Uncontrolled term | IPO |
| -- | Capital structure |
| Uncontrolled term | Emerging market |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | A.N., Bany-Ariffin |
| 9 (RLIN) | 6771 |
| Personal name | Nahar, Hairul Suhaimi Bin |
| 9 (RLIN) | 24182 |
| Personal name | Matemilola, Bolaji Tunde |
| 9 (RLIN) | 34094 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29349 |
| Host Itemnumber | 74851 |
| Main entry heading | BANIK, ARINDAM |
| Place, publisher, and date of publication | NEW DELHI SAGE PUBLISHING PVT. LTD. |
| Other item identifier | 55510427 |
| Title | GLOBAL BUSINESS REVIEW |
| International Standard Serial Number | 0972-1509 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 07/08/2019 | Vol 20, No 2/ 55510427JA5 | 55510427JA5 | 07/08/2019 | 07/08/2019 |