Ismail, Norashikin; Weetman, Pauline - In: Journal of Financial Reporting and Accounting 6 (2008) 1, pp. 91-115
We examine the extent of earnings management associated with meeting forecasts made in IPO prospectuses in a developing economy where government regulation requires a profit forecast but allows promoters to choose either (1) to provide a profit guarantee or (2) to elect for a moratorium on share...
