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The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan

Year 2015, Volume: 5 Issue: 2, 340 - 353, 01.06.2015

Abstract

This paper examines the influence of the proportion and stability of insider’s and institutional shareholdings on earnings management after initial public offerings (IPOs) firms in Taiwan, covering data in Taiwan Stock Exchange and GreTai Securities Market from 2000 to 2009. We apply performance-matched discretionary accruals and performance-matched real earnings management as dependent variables to depicting earnings management behavior. The empirical findings show that managers with unstable high shareholdings tend to perform accruals management to fit the threshold in the second year and the third year after IPOs. Further, institutional investors with unstable high shareholdings incline to courage firms to manipulate discretionary accruals for short-term trading profits in all three years after IPOs.

Year 2015, Volume: 5 Issue: 2, 340 - 353, 01.06.2015

Abstract

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Details

Other ID JA52TY65SP
Journal Section Research Article
Authors

Ming-Feng Hsu This is me

Shiow-Ying Wen This is me

Publication Date June 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 2

Cite

APA Hsu, M.-F., & Wen, S.-Y. (2015). The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan. International Journal of Economics and Financial Issues, 5(2), 340-353.
AMA Hsu MF, Wen SY. The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan. IJEFI. June 2015;5(2):340-353.
Chicago Hsu, Ming-Feng, and Shiow-Ying Wen. “The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan”. International Journal of Economics and Financial Issues 5, no. 2 (June 2015): 340-53.
EndNote Hsu M-F, Wen S-Y (June 1, 2015) The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan. International Journal of Economics and Financial Issues 5 2 340–353.
IEEE M.-F. Hsu and S.-Y. Wen, “The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan”, IJEFI, vol. 5, no. 2, pp. 340–353, 2015.
ISNAD Hsu, Ming-Feng - Wen, Shiow-Ying. “The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan”. International Journal of Economics and Financial Issues 5/2 (June 2015), 340-353.
JAMA Hsu M-F, Wen S-Y. The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan. IJEFI. 2015;5:340–353.
MLA Hsu, Ming-Feng and Shiow-Ying Wen. “The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan”. International Journal of Economics and Financial Issues, vol. 5, no. 2, 2015, pp. 340-53.
Vancouver Hsu M-F, Wen S-Y. The Roles of Institutional Investors and Insiders in Earnings Management Around IPO Firms in Taiwan. IJEFI. 2015;5(2):340-53.