The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management
The paper investigates Malaysian Initial Public Offering (IPO) firms’ financial reporting behaviour from the specific perspective of their earnings management (EM) practices covering both real (REM) and accrual (AEM) techniques. It further examines the impact of unique IPO attributes, firm level cha...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Published: |
Penerbit Universiti Sains Malaysia
2022
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/103578/ |
| _version_ | 1848864054758604800 |
|---|---|
| author | Kalgo, Sani Hussaini Nahar, Hairul Suhaimi Amin Noordin, Bany Ariffin |
| author_facet | Kalgo, Sani Hussaini Nahar, Hairul Suhaimi Amin Noordin, Bany Ariffin |
| author_sort | Kalgo, Sani Hussaini |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The paper investigates Malaysian Initial Public Offering (IPO) firms’ financial reporting behaviour from the specific perspective of their earnings management (EM) practices covering both real (REM) and accrual (AEM) techniques. It further examines the impact of unique IPO attributes, firm level characteristics and ownership structure on both EM practices contemporaneously. Using the established and commonly used EM models to measure both AEM and REM for IPO firms from 2002 to 2013, the results indicate that IPO firms engage in both EM strategies around the corporate event. It also shows that such strategies are not just opportunistically motivated but attributable to several unique IPO attributes, firm level characteristics and ownership variables. The paper adds to the existing body of knowledge on IPO in the specific emerging country context of Malaysia which evidence from prior studies are observably scant. |
| first_indexed | 2025-11-15T13:42:43Z |
| format | Article |
| id | upm-103578 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:42:43Z |
| publishDate | 2022 |
| publisher | Penerbit Universiti Sains Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1035782023-05-22T04:12:52Z http://psasir.upm.edu.my/id/eprint/103578/ The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management Kalgo, Sani Hussaini Nahar, Hairul Suhaimi Amin Noordin, Bany Ariffin The paper investigates Malaysian Initial Public Offering (IPO) firms’ financial reporting behaviour from the specific perspective of their earnings management (EM) practices covering both real (REM) and accrual (AEM) techniques. It further examines the impact of unique IPO attributes, firm level characteristics and ownership structure on both EM practices contemporaneously. Using the established and commonly used EM models to measure both AEM and REM for IPO firms from 2002 to 2013, the results indicate that IPO firms engage in both EM strategies around the corporate event. It also shows that such strategies are not just opportunistically motivated but attributable to several unique IPO attributes, firm level characteristics and ownership variables. The paper adds to the existing body of knowledge on IPO in the specific emerging country context of Malaysia which evidence from prior studies are observably scant. Penerbit Universiti Sains Malaysia 2022 Article PeerReviewed Kalgo, Sani Hussaini and Nahar, Hairul Suhaimi and Amin Noordin, Bany Ariffin (2022) The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management. Asian Academy of Management Journal of Accounting and Finance, 18 (1). 235 - 262. ISSN 1823-4992 https://ejournal.usm.my/aamjaf/article/view/aamjaf_vol18-no1-2022_10 10.21315/aamjaf2022.18.1.10 |
| spellingShingle | Kalgo, Sani Hussaini Nahar, Hairul Suhaimi Amin Noordin, Bany Ariffin The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title | The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title_full | The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title_fullStr | The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title_full_unstemmed | The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title_short | The impact of IPO attributes, firm-level characteristics and ownership on Malaysian IPO firms’ earnings management |
| title_sort | impact of ipo attributes, firm-level characteristics and ownership on malaysian ipo firms’ earnings management |
| url | http://psasir.upm.edu.my/id/eprint/103578/ http://psasir.upm.edu.my/id/eprint/103578/ http://psasir.upm.edu.my/id/eprint/103578/ |