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Title: IPO審查階段的公司盈餘管理初探:以中國大陸之國營企業及民營企業之比較為例
A comparative analysis of pre-IPO earnings management between SOE and NSOE in China
Authors: Miura, Takashi
Contributors: 王信實

Wang, Shinn Shyr
Lee, Wen Chieh

Takashi Miura
Keywords: Earnings management
State-owned enterprise
Non-state-owned enterprise
IPO market
Property plant and equipment
Long –term debt
Account receivable
Long –term debt
Date: 2016
Issue Date: 2016-07-01 15:25:35 (UTC+8)
Abstract: This study investigates an appropriate accrual-based model in detecting earnings management (EM) of Chinese firms undergoing initial public offering (IPO) process. The mainstream literatures show that state-owned enterprise (SOE) has involved with less earnings management (EM) than non-state-owned enterprise (NSOE) in pre-IPO market from 2003 to 2009. The reason is that SOE could borrow money from bank, compared to NSOE. However, SOE has been proven to conduct stronger EMs in pre-IPO market during 2011 to 2013 by manipulating with property plant and equipment (PPE), the flows of account receivable (AR) and long-term debt (LTD). Besides, I also suggest a new accrual-based model that could better fit into the unique features of Chinese firms in their process of IPO application.
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Description: 碩士
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Data Type: thesis
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