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Indexed by:会议论文

Date of Publication:2014-01-01

Included Journals:CPCI-SSH

Page Number:154-159

Key Words:Earnings Management; Auditors status; IPOs; Stock Performance

Abstract:Using a sample of initial public offerings (IPOs), this paper exam firm's long run stock performance after managed earnings raising external capital varies with auditors' status. A firm is more likely to management earnings when auditors' status is lower because of weak financial auditing. We documents IPOs firms engaged in managing earnings with lower auditors' status have an influence on the long-run abnormal stock return performance. These findings have implications for investors, firms, and accounting standard setters. More prudential monitory is important during market booming periods.