Earnings Management in Domestic and Foreign IPOs in the United States: Do Home Country Institutions Matter?

Volume: 29, Issue: 2, Pages: 307 - 335
Published: Jun 4, 2019
Abstract
Using a large sample of domestic and foreign IPOs in the US, we investigate how threats of enforcement by the Securities and Exchange Commission (SEC) and private litigation influence earnings management in IPO prospectuses. We propose that perceptions of foreign institutions may influence SEC enforcement action and private litigation. We provide evidence that enforcement and litigation threats are negatively related to the strength of legal...
Paper Details
Title
Earnings Management in Domestic and Foreign IPOs in the United States: Do Home Country Institutions Matter?
Published Date
Jun 4, 2019
Volume
29
Issue
2
Pages
307 - 335
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