Study on Manipulation of Cash Flow from Operation in IPO Company--Evidence from Chinese A-share Market

摘要：

　　This paper adopts Roychowdhurys models of predicting the cash flow from operation(Abbr:CFO), takes IPO Company in 2002-2011 year as the study sample, and carries out empirical study on the manipulation of CFO in IPO Company 1 year before issue year, issue year and 1 year after issue year.This paper finds that IPO Company has the remarkable upward CFO manipulation in the 1 year before issue year, and the degree of manipulation will notably drop later;When the motivations of manipulation of CFO is further examined, it can be found that IPO Company that manipulate the CFO is mainly to enhance the quality of earning so as to cover Earning Management.

关键词： IPO CFO manipulation match motivation supervision motivation

作者: Chi Zhaonian

作者单位: Business School, Sichuan University, Chengdu, P.R.China, 610064

会议类型: 国际会议

会议名称: 2013 International Conference on Strategic Management(2013年战略管理国际会议)

会议地点: 成都

会议语种:英文

页码: 558-562

在线出版日期: 2013-12-15（万方平台首次上网日期，不代表论文的发表时间）