The Initial Public Offer (IPO) that leads to entering new firms, and perhaps new investors, to a market, is important for stock exchanges and capital markets. Regarding the importance of IPO in the Tehran Stock Exchange, and the capital market surpassing rival markets, as well as the implementation of Article 44 of the Iranian constitution, it seems to be necessary to study the Iranian IPO. By this way, this research investigates the relationship between accruals earnings management and stock long term returns in the IPO firms. The research time scope was between 2001 till 2013, and the Log it regression model was used to test the research hypotheses. The findings showed that there was not significant relationship between accruals earnings management at the IPO year and the stock long term returns in the IPO firms.
Malekian Kallehbasti, E., & Fateri, A. (2016). Accrual Earnings Management at Initial Public Offerings and Risk of Reducing Stock Long Term Returns. Journal of Accounting Knowledge, 6(23), 55-75. doi: 10.22103/jak.2016.1427
MLA
Esfandiar Malekian Kallehbasti; Ali Fateri. "Accrual Earnings Management at Initial Public Offerings and Risk of Reducing Stock Long Term Returns", Journal of Accounting Knowledge, 6, 23, 2016, 55-75. doi: 10.22103/jak.2016.1427
HARVARD
Malekian Kallehbasti, E., Fateri, A. (2016). 'Accrual Earnings Management at Initial Public Offerings and Risk of Reducing Stock Long Term Returns', Journal of Accounting Knowledge, 6(23), pp. 55-75. doi: 10.22103/jak.2016.1427
VANCOUVER
Malekian Kallehbasti, E., Fateri, A. Accrual Earnings Management at Initial Public Offerings and Risk of Reducing Stock Long Term Returns. Journal of Accounting Knowledge, 2016; 6(23): 55-75. doi: 10.22103/jak.2016.1427
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