Do Venture Capitalists Influence the Decision to Manage Earnings in Initial Public Offerings

By Suzanne G. Morsfield, Christine Tan. 2006

237 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c90750a0849bf2a1bc63e0cc022033b1cd52fdb0

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Citations in the corpus

Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “An additional five papers study the impact of capital requirements relative to other incentives: 1) Moyer (1990) finds that bank’s use adjustments to the loan loss provision, loan charge-offs, and securities gains and losses to avoid violating capital adequacy requirements but she finds no support f”
IFRS reporting, firm-specific information flows, and institutional environments: international evidence (2012, unknown): “…the self-selection concern, we now employ the propensity score matching (PSM) approach.20 Following previous research that uses the PSM approach (Morsfield and Tan 2006; Doyle et al. 2007; Lennox et al. 2012), we now construct a matched sample using the predicted likelihood (called the…”
Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors (2009, unknown): “14 (Morsfield and Tan 2006), and to control for systematic differences in performance, I employ in an untabulated analysis the Kothari et al. (2005) performance-matching approach.”
The impact of audit quality on real and accrual earnings management around IPOs (2017, unknown): “Although prior research has examined accruals earnings management around IPOs (e.g., Friedlan, 1994; Gramlich and Sorensen, 2004; Morsfield and Tan, 2006; Teoh et al. 1998a), and a small number of recent papers have started to investigate real earnings management activities and IPOs (e.”
How far can we trust earnings numbers? What research tells us about earnings management (2013, background): “Morsfield and Tan (2006) find evidence consistent with Teoh et al. (1998b) and also show that venture-capitalist-backed IPOs are associated with lower EM.”
Do More Reputable Financial Institutions Reduce Earnings Management by IPO Issuers (2011, background): “…transactions (Erickson and Wang, 1999; Louis, 2004; Gong, Louis, and Sun, 2008), corporate governance mechanisms (Cornett, Marcus, and Tehranian, 2008; Klein, 2002; Warfield, Wild, and Wild, 1995; Beasley, 1996), equity flotation costs (Lee and Masulis, 2009), and IPOs (Morsfield and Tan, 2006 ).”
Earnings Quality and International IPO Underpricing (2011, unknown): “At the same time, their research design exploits a change in the regulatory environment in which firms operate.5 Morsfield and Tan (2006) study the relation between venture capital funding and earnings management.”
The effects of venture capital syndicate diversity on earnings management and performance of IPOs in the US and UK: An institutional perspective ☆ (2012, background): “…they employ an extensive set of covenants to protect their investments (Barry et al., 1990), and their active involvement in portfolio companies is likely to deter earnings management and strengthen the corporate governance of their firms (Morsfield and Tan, 2006; Brau and Johnson, 2009).”
Real and accrual earnings management and IPO failure risk (2015, background): “…company request (go private), and other delisting reasons.10 Consistent with prior research (Teoh et al. 1998a, 1998c, Chen et al. 2005, Morsfield and Tan 2006, Fan 2007, Chang et al. 2010, Lee and Masulis 2011, Chahine et al. 2012, Wongsunwai 2012) our sample covers all non-financial…”