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Manipulerar riskkapitalisterna? - En studie om redovisningsmanipulation vid börsintroduktioner i Sverige

Lüning, Christian LU ; Östlind, Fredrik LU and Nilsson, Gustav LU (2019) FEKH69 20182
Department 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:
author
Lüning, Christian LU ; Östlind, Fredrik LU and Nilsson, Gustav LU
supervisor
organization
course
FEKH69 20182
year
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}},
}