Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige
(2019) FEKH69 20182Department of Business Administration
- Abstract
- Abstract
Title: Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige
Seminar date: 17 January 2019
Course: FEKH69, Bachelor’s Degree Project in Accounting Undergraduate Level, Business Administration Undergraduate Level, 15 University Credits Points
Authors: Christian Lüning, Fredrik Östlind, Gustav Nilsson
Advisor: Peter W Jönsson
Key words: Earning management, Initial Public Offering (IPO), Private equity/Venture capital, Arbitrary accruals, Non-PE backed companies
Purpose: The purpose of the study is to examine if private equity-backed companies that lists on the stock exchange uses earning management to a higher degree than companies with different ownership.
Methodology:... (More) - Abstract
Title: Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige
Seminar date: 17 January 2019
Course: FEKH69, Bachelor’s Degree Project in Accounting Undergraduate Level, Business Administration Undergraduate Level, 15 University Credits Points
Authors: Christian Lüning, Fredrik Östlind, Gustav Nilsson
Advisor: Peter W Jönsson
Key words: Earning management, Initial Public Offering (IPO), Private equity/Venture capital, Arbitrary accruals, Non-PE backed companies
Purpose: The purpose of the study is to examine if private equity-backed companies that lists on the stock exchange uses earning management to a higher degree than companies with different ownership.
Methodology: Financial data is retrieved from Bloomberg Terminal. M-score is then calculated using the collected data. A statistical test is performed to see if there are any differences between the two owning conditions and if statistical significance exists.
Theoretical perspective: The theoretical frame of reference has studies corporate governance in Sweden, IPOs, earning management and private equity.
Empirical foundation: The sample consist of 83 IPOs listed during 2007-2017.
Conclusions: The study cannot prove a statistically confirmed relationship between earnings management, private equity ownership and IPOs. The study finds a non-statistically confirmed negative correlation between PE-backed companies and earning management. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8971349
- author
- Lüning, Christian LU ; Östlind, Fredrik LU and Nilsson, Gustav LU
- supervisor
- organization
- course
- FEKH69 20182
- year
- 2019
- type
- M2 - Bachelor Degree
- subject
- language
- Swedish
- id
- 8971349
- date added to LUP
- 2019-02-18 11:47:46
- date last changed
- 2019-02-18 11:47:46
@misc{8971349, abstract = {{Abstract Title: Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige Seminar date: 17 January 2019 Course: FEKH69, Bachelor’s Degree Project in Accounting Undergraduate Level, Business Administration Undergraduate Level, 15 University Credits Points Authors: Christian Lüning, Fredrik Östlind, Gustav Nilsson Advisor: Peter W Jönsson Key words: Earning management, Initial Public Offering (IPO), Private equity/Venture capital, Arbitrary accruals, Non-PE backed companies Purpose: The purpose of the study is to examine if private equity-backed companies that lists on the stock exchange uses earning management to a higher degree than companies with different ownership. Methodology: Financial data is retrieved from Bloomberg Terminal. M-score is then calculated using the collected data. A statistical test is performed to see if there are any differences between the two owning conditions and if statistical significance exists. Theoretical perspective: The theoretical frame of reference has studies corporate governance in Sweden, IPOs, earning management and private equity. Empirical foundation: The sample consist of 83 IPOs listed during 2007-2017. Conclusions: The study cannot prove a statistically confirmed relationship between earnings management, private equity ownership and IPOs. The study finds a non-statistically confirmed negative correlation between PE-backed companies and earning management.}}, author = {{Lüning, Christian and Östlind, Fredrik and Nilsson, Gustav}}, language = {{swe}}, note = {{Student Paper}}, title = {{Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige}}, year = {{2019}}, }