Gioielli, Sabrina P. Ozawa; Carvalho, Antonio Gledson de; … - In: Brazilian Business Review 10 (2013) 4, pp. 30-64
We investigate earnings management (EM) in IPOs and the role of private equity/venture capital (PEVC) in hampering such practice. We show that when analyzing EM, PEVC and non-PEVC-sponsored firms should be treated as different samples: if one splits the sample, R-squared increases drastically...