Earning management in Malaysian IPOs: The East Asian crisis, ownership control, and post-IPO performance

• Main Authors: Ahmad Zaluki, Nurwati Ashikkin, Campbell, Kevin, Goodacre, Alan
• Format: Article
• Language: English
• Published: Elsevier Science Ltd. 2011
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/5118/1/1-s.pdf; http://repo.uum.edu.my/5118/; http://dx.doi.org/10.1016/j.intacc.2011.04.001

We find evidence of income-increasing earnings management in Malaysian IPOs, which occurs primarily for IPOs during a period of severe economic stress (the East Asian crisis). Within the high-ownership-concentration Malaysian market, post-IPO control concerns also appear to constrain IPO earnings ma...