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- W2019016345 abstract "We examine the relation between disclosure frequency and earnings management, and the impact of this relation on post-issue performance, for a sample of seasoned equity offerings (SEOs). We contend that firms with extensive disclosure are less likely to face information problems, leading to less earnings management and better post-issue performance. Our results confirm that disclosure frequency is inversely related to earnings management and positively associated with post-issue performance. We also find that transparency-reducing disclosure is concentrated in firms that substantially, but temporarily, increase disclosure prior to the offering. Such firms exhibit more earnings management and poorer post-SEO stock performance, on average." @default.
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- W2019016345 date "2007-05-01" @default.
- W2019016345 modified "2023-10-06" @default.
- W2019016345 title "Disclosure frequency and earnings management☆" @default.
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- W2019016345 doi "https://doi.org/10.1016/j.jfineco.2006.03.007" @default.
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