Firm size, timing, and earnings management of seasoned equity offerings

[...]... overstating earnings around seasoned equity offerings? Journal of Accounting and Economics, 29(3), 339–371 Shleifer, A., & Vishny, R W (1986) Large shareholders and corporate control Journal of Political Economy, 94(3), 461–489 Please cite this article as: Shu, P.-G., & Chiang, S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance... S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 P.-G Shu, S.-J Chiang / International Review of Economics and Finance xxx (2013) xxx–xxx 15 Table 8 Regression of long-run performance on earnings management and hot issue This table reports the regression of small firms in... Accounting and Economics, 20, 61–91 Wruck, K H (1989) Equity ownership concentration and firm value Journal of Financial Economics, 23, 3–28 Wu, Y L (2004) The choice of equity- selling mechanisms Journal of Financial Economics, 74, 93–119 Please cite this article as: Shu, P.-G., & Chiang, S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and. .. P.-G., & Chiang, S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 12 P.-G Shu, S.-J Chiang / International Review of Economics and Finance xxx (2013) xxx–xxx 5.2.6 Earnings management, firm size, and SEO performance In Table 6 we report the results of nested difference tests... oversight Journal of Financial Economics, 20, 237–265 Rangan, S (1998) Earnings management and the performance of seasoned equity offerings Journal of Financial Economics, 50(1), 101–122 Ritter, J R (1984) The “hot issue” market of 1980 Journal of Business, 57(2), 215–240 Ritter, J (1991) The long run performance of initial public offerings Journal of Finance, 46(1), 3–28 Shivakumar, L (2000) Do firms mislead... somewhat diluted when the firms also took advantage of timing In general, these results illustrate that the short-term effects of earnings management and timing on SEOs offset each other 5.3.2 Long-term performance of SEO firms In this section, we report the results of a further investigation of the effects of timing and earnings management on the ex-post worth of SEO firms The results of the regression are... Chiang, S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 P.-G Shu, S.-J Chiang / International Review of Economics and Finance xxx (2013) xxx–xxx 17 Barber, B M., & Lyon, J D (1997) Detecting long-run abnormal stock returns: The empirical power and specification of test statistics... around the time of equity issues In R Glenn Hubbard (Ed.), Asymmetric information, corporate finance, and investments (pp 111) Chicago: University of Chicago Press Levis, M (1995) Seasoned equity offerings and the short and long-term performance of initial public offerings in the U.K European Financial Management, 1(2), 125–146 Lin, J C., & Wu, Y L (2013) SEO timing and liquidity risk Journal of Corporate... cite this article as: Shu, P.-G., & Chiang, S.-J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 16 P.-G Shu, S.-J Chiang / International Review of Economics and Finance xxx (2013) xxx–xxx Table 8 (continued) WR12 Panel C: Large firms Auditor reputation Underwriter method Ln (size)... (2002) Institutional allocation in initial public offerings: Empirical evidence Journal of Finance, 57(3), 1421–1442 Andrikopoulos, P (2009) Seasoned equity offerings, operating performance and overconfidence: Evidence from the UK Journal of Economics and Business, 61, 189–215 Asquith, P., & Mullins, D W (1986) Equity issues and offering dilution Journal of Financial Economics, 15(1–2), 61–89 Baker, M., . article as: Shu, P G., & Chiang, S J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 associated. International Review of Economics and Finance xxx (2013) xxx–xxx Please cite this article as: Shu, P G., & Chiang, S J., Firm size, timing, and earnings management of seasoned equity offerings, International. article as: Shu, P G., & Chiang, S J., Firm size, timing, and earnings management of seasoned equity offerings, International Review of Economics and Finance (2013), http://dx.doi.org/10.1016/j.iref.2013.05.011 relationship