Industry-level comparison of earnings management on Philippine IPO firms (1998-2007)

Date of Publication

2008

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Defense Panel Member

Joy S. Rabo

Reynald S. Banderlipe

Abstract/Summary

In order to conribute to the existing literature on earnings management, the researchers investigate the extent of earnings management employed on 9 Philippine firms that have undergone initial public offering from 1998-2007. The researchers used the cross-sectional modified Jones (1999) model to measure the amount of discretionary accruals, which serve as the proxy for earnings management. The researchers find that companies engage in earnings management before IPO. They concluded that the level of earnings management is higher on IPO firms compared to that of the listed firms. The study also states that the relationship between stock returns volatility and the level of discretionary accruals is insignificant. Moreover, evidence shows the negative relationship between the level of earnings management and firm size.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU03756

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

ix, 97 leaves : ill. 28 cm. + 1 computer optical disc

Keywords

Going public (Securities)--Philippines; Corporations--Philippines--Finance

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