Venture capital and earnings management in IPOs
We investigate earnings management (EM) in IPOs and the role of private equity/venture capital (PEVC) in hampering such practice. We show that when analyzing EM, PEVC and non-PEVC-sponsored firms should be treated as different samples: if one splits the sample, R-squared increases drastically for bo...
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Published in | Brazilian business review Vol. 10; no. 4; pp. 30 - 64 |
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Main Authors | , , |
Format | Journal Article |
Language | English Portuguese |
Published |
Vitória
FUCAPE Business School
30.12.2013
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Edition | English ed. |
Subjects | |
Online Access | Get full text |
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