This paper takes Guirenniao(CHINA)CO.LTD(GRN for short), one of first batch listed company in 2014 that suffered performance decline, as an example to analyze how it manage earnings before IPO. Design/methodology/approach - This paper examines earnings management signs exist in GRN through ...
the IPO regulatory approach of Germany, France, the United Kingdom, and reviewed the process of transforming from approval system to the authorizing system in China. Third, this paper put forward the research hypothesis——the IPO pricing of ...
We also find that neither institutional investors' participation nor the adoption of the bookbuilding approach in China does dissuade retail investors to behave as active flippers. Further, we examine the impact of the first-day flipping activity on the subsequent IPO performance and find that IPOs...
Intended Use of Proceeds and the Post-Issue Operating Performance of IPO Firms: A Quantile Regression Approach This paper investigates the link between intended use of proceeds and the decline in post-issue operating performance of IPO firms. After taking into accou... Andriansyah,G Messinis - ...
The impact of women directors on IPO underpricing in developing countries remains relatively under-researched. This paper aims to fill this gap in research. The paper examines the influence of women directors on the underpricing phenomenon pervasive in the IPO context. Design/methodology/approach The ...
This finding is also consistent with the main finding in our paper, where we show that another market-oriented IPO reform—the adoption of the registration-based IPO system—also enhances the level of the IPO cost. Our first research hypothesis on the IPO cost stems from two aspects. First,...
Firstly, the two alternative earnings management measurements are based on the “cash flow approach” and the “forecast error model” by DuCharme et al. (2001), with the results reported in Appendix A.1 and Appendix A.2, respectively. Both Appendix A.1 and Appendix A.2. exhibit a similar...
Prior to taking this step, consider whether your company can truly incur these expenses, or if you may benefit from an alternate approach at this time. Are there alternatives to a traditional IPO? Direct listing (DPO) In a direct listing (also known as a direct public offering), a ...
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On the surface, IPOs and direct listings do the same thing: allow companies to make shares available to the public. But underneath there are some key differences between the two methods. Here’s what makes each unique and the benefits of each approach. ...