The Investigation of the Earnings Quality at Initial public offerings in the Tehran Stock Exchange
Author(s):
Abstract:
In this study, earnings quality was examined at initial public offerings. For this purpose, by taking some characteristics into account, 73 firms were selected from firms that were listed in the Tehran Stock Exchange over the years of 2002 to 2005, and then their earnings quality was analyzed two years before IPO, within year of IPO and three years after IPO. The results indicated that earnings quality was in its highest amount in IPO year in comparison with before and after that. Furthermore, The results indicated that the larger the firms are, the more earnings quality the firms will have before IPO and year of IPO. However, no relationship was found between firm size and earnings quality after IPO year. Moreover, by considering the relationship between earnings quality and level of long-term liability before IPO, year of IPO and after IPO, found out that the higher the level of long-term liability of the firms is, the less their earnings quality will be.
Language:
Persian
Published:
Journal of Empirical Studies in Financial Accounting, Volume:8 Issue: 27, 2010
Page:
119
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