Title :
Literature review on a common phenomenon: The underperformance of the listed companies after SEO —Based on the view of earnings management
Author :
Qiongge Wang ; Jie Gao ; Xiao Wang
Author_Institution :
Dept. of Bus. Adm., Harbin Inst. of Technol., Shenzhen, China
Abstract :
Underperformance after secondary equity offering (SEO) in capital market has been a hot area of research in theoretical circle for several years. There are discrepant views trying to explain the reasons behind the link between SEOs and the accompanying underperformance. This paper presents a systematic review of the literatures, covering scholarly articles published from 1995 to 2012, by which the writer summarizes and demonstrates one of the most significant occurrence reasons of underperformance of the issuer-earnings management (EM).
Keywords :
financial management; organisational aspects; SEO; capital market; earning management; firm underperformance; secondary equity offering; Bibliographies; Companies; Investment; Security; Stock markets; earnings management; seasoned equity offering; underperformance;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2015 12th International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-4799-8327-8
DOI :
10.1109/ICSSSM.2015.7170160
