Earnings Quality at Initial Public Offerings

By Ray Ball, L. Shivakumar. 2006

646 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/114bbcd973a6bdc35d6d1a43771ddee06879b5d2

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Citations in the corpus

Accrual-Based and Real Earnings Management Activities Around Seasoned Equity Offerings (2010, background): “…evidence to date of 8An alternative interpretation of this evidence is that firms choose to issue SEOs when they have been successful, and their subsequent performance decline is due to a natural regression to the mean (Ball and Shivakumar, 2007). real earnings management activities around SEOs.”
Earnings Management and Earnings Quality (2008, background): “What other explanations are there to explain what appears to be earnings management? Ball and Shivakumar (2007) devote a considerable amount of effort finding alternative explanations for the alleged earnings management found by Teoh et al.”
Real and accrual earnings management and IPO failure risk (2015, background): “Accounting and Business Research 57 In addition, Ball and Shivakumar (2008) used a restrictive sample selection process such that their results may not be generalisable to all UK listings.”
Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis (2012, neutral): “While subsequent studies show that earnings announcements have surprise content, have low overall timeliness (e.g. Lev 1989 and Ball and Shivakumar 2008b).”
Earnings Management, Lawsuits, and Stock-for-Stock Acquirers' Market Performance (2008, neutral): “One reason why the IPO setting is likely different from the stock-for-stock merger setting is that, as Ball and Shivakumar (2008) recognize, an IPO firm is transitioning from private to public status and is subjected to very intensive scrutiny during the transition period by third parties such as…”
The effects of venture capital syndicate diversity on earnings management and performance of IPOs in the US and UK: An institutional perspective ☆ (2012, methodology): “Previous research on ‘conflicting voices’ (e.g, Hoskisson et al., 2002) indicates that diversity of 1 Recent evidence in Ball and Shivakumar (2008) indicates that more than 40% of issuers exhibit positive discretionary accruals in the…”
Post-listing performance and private sector regulation: The experience of London's Alternative Investment Market $ (2013, neutral): “We then follow Ball and Shivakumar (2008) and estimate the following regression to obtain discretionary accruals27: Accrualsi;t ¼ β1Inverse Total Assetsi;tþβ2ΔTotal Salesi;tþβ3PPEi;tþβ4CFOi;t þβ5DCFOi;tþβ6CFOi;tnDCFOi;tþ ∑ a ¼ 1 αaIndustryiþ ∑ b ¼ 1 αbYeartþεi;t This specification combines the…”
Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism (2013, neutral): “3 Basu (2005, Section 2), Ball, Kothari, and Robin (2000, fn. 15) and Ball and Shivakumar (2005, 2008).”
Capital Allocation and Timely Accounting Recognition of Economic Losses (2011, background): “5 See also Watts and Zimmerman (1986), Basu (1997), Watts and Holthausen (2001) and Watts (2003). 6 Several papers empirically examine the efficiency gains from accounting conservatism and/or timely loss recognition in the debt contracting process (e.”
The impact of audit quality on real and accrual earnings management around IPOs (2017, methodology): “For a sample of IPOs in the UK that with similar characteristics with respect to information, reports, and prospectuses, Ball and Shivakumar (2008), examine accrual earnings management around the IPO. The results show high quality reporting prior to the IPO, tending towards accounting conservatism r”
Green credit policy and firm performance: What we learn from China (2021, background): “The participation of analysts helps to dig more deep information and increase the cognition of other external investors to firms (Chang et al., 2006; Ball and Shivakumar, 2008).”