Lizińska, Joanna; Czapiewski, Leszek - In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-16
The informativeness of financial reports has been of a great importance to both investors and academics. Earnings are … public offerings (IPO). If investors are misled by manipulated earnings, they could pay too high a price and suffer losses in … the long-term when prices adjust to real value. We provide new evidence on the relationship between earnings management …