Skip to Main Content
Initial Public Offerings (IPO)
book

Initial Public Offerings (IPO)

by Greg N. Gregoriou
December 2005
Intermediate to advanced content levelIntermediate to advanced
464 pages
23h 14m
English
Butterworth-Heinemann
Content preview from Initial Public Offerings (IPO)
to zero, and the unique component of discretionary accruals proxy is due to the com-
mon measure error induced by performance:
MDAP
m
event firm,t
DAP
m
event firm,t
DAP
m
control firm,t
MDAP
m
event firm,t
DA
event firm,t
η
m
event firm,t
DA
control firm,t
η
m
control firm,t
(7.16)
MDAP
m
event firm,t
(DA
event firm,t
(
η
m
event firm,t
η
m
control firm,t
)DA
event firm,t
where MDAP
m
it
is the performance-matched discretionary accruals proxy for firm i in
year t estimated using the model m; DAP
m
it
is the discretionary accruals proxy for the
firm i in year t estimated using the model m; DA
it
is the discretionary accrual for the firm
i in year t; and
η
m
it
is the measure error ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

IPOs and Equity Offerings

IPOs and Equity Offerings

Ross Geddes

Publisher Resources

ISBN: 9780750679756