Initial Public Offerings
Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida
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Aharony, J., C. J. Lee and T. J. Wong. 2000. Financial packaging of IPO firms in China. Journal of Accounting Research (Spring): 103-126.
Ball, R. and L. Shivakumar. 2008. Earnings quality at initial public offerings. Journal of Accounting and Economics (August): 324-349.
Barlas, S. 2018. Forced arbitration clauses a no-go in IPO registrations. Strategic Finance (July): 13.
Barth, M. E., W. R. Landsman and D. J. Taylor. 2017. The Jobs Act and information uncertainty in IPO firms. The Accounting Review (November): 25-47.
Bartov, E., P. Mohanram and C. Seethamraju. 2002. Valuation of internet stocks: An IPO perspective. Studies on Accounting, Entrepreneurship and E-Commerce. Journal of Accounting Research (May): 321-346.
Beams, J. D., A. J. Amoruso and F. M. Richardson. 2005. Discretionary reporting of stock options by IPO firms. Accounting Horizons (December): 223-236.
Beatty, R. P. 1989. Auditor reputation and the pricing of initial public offerings. The Accounting Review (October): 693-709.
Beatty, R. P. 1993. The economic determinants of auditor compensation in the initial public offerings market. Journal of Accounting Research (Autumn): 294-302.
Beatty, R. P. and E. J. Zajac. 1994. Managerial incentives, monitoring, and risk bearing: A study of executive compensation, ownership, and board structure in initial public offerings. Administrative Science Quarterly 39(2): 313-335.
Beneish, M. D. 1998. Discussion of “Are accruals during initial public offerings opportunistic?” Review of Accounting Studies 3(1-2): 209-221.
Berger, P. G. 2002. Discussion of Valuation of internet stocks: An IPO perspective. Studies on Accounting, Entrepreneurship and E-Commerce. Journal of Accounting Research (May): 347-358.
Bigus, J. and F. Dreyer. 2023. Country-level accounting enforcement and IPO underpricing. Abacus 59(3): 735-775.
Billings, M. B. and M. F. Lewis-Western. 2016. When does pre-IPO financial reporting trigger post-IPO legal consequences? Contemporary Accounting Research 33(1): 378-411.
Boulton, T. J., S. B. Smart and C. J. Zutter. 2011. Earnings quality and international IPO underpricing. The Accounting Review (March): 483-505.
Boyle, P. P. 1989. Discussion of "The valuation of initial public offerings". Contemporary Accounting Research 5(2): 516-518.
Bragg, S. M. 2009. Running a Public Company: From IPO to SEC Reporting. Wiley.
Brau, J. C. and P. M. Johnson. 2009. Earnings management in IPOs: Post-engagement third-party mitigation or issuer signaling? Advances in Accounting: Incorporating Advances in International Accounting 25(2): 125-135.
Brenner, V. C. and W. K. Schroff. 2004. Reverse merger or IPO? Strategic Finance (May): 46-52.
Burke, Q. L. and T. V. Eaton. 2016. Alibaba Group initial public offering: A case study of financial reporting issues. Issues in Accounting Education (November): 449-460.
Canace, T. G. and J. E. Wilkerson Jr. 2014. A practice-based statement of cash flows learning experience: An initial public offering for Contempri Homes? Issues in Accounting Education (February): 18-46.
Cao, C., W. Hou, X. Liu and H. Pan. 2023. Do excess funds make financially constrained firms better off? Evidence from IPOs in China. Abacus 59(3): 818-846.
Cecchini, M., S. B. Jackson and X. Liu. 2012. Do initial public offering firms manage accruals? Evidence from individual accounts. Review of Accounting Studies 17(1): 22-40.
Certo, S. T., C. M. Daily, A. A. Cannella Jr. and D. R. Dalton. 2003. Giving money to get money: How CEO stock options and CEO equity enhance IPO valuations. The Academy of Management Journal 46(5): 643-653.
CFO. 2013. IPO outlook promising. CFO (January/February): 14.
Chahine, S., G. Colak, I. Hasan and M. Mazboudi. 2020. Investor relations and IPO performance. Review of Accounting Studies 25(2): 474-512.
Chen, G. and M. Firth. 1999. The accuracy of profit forecasts and their roles and associations with IPO firm valuations. Journal of International Financial Management & Accounting 10(3): 202-226.
Chen, G., M. Firth and J. Kim. 2000. The post-issue market performance of initial public offerings in China’s new stock markets. Review of Quantitative Finance & Accounting 14(4): 319-339.
Chen, G., M. Firth and J. Kim. 2004. IPO Underpricing in China’s new stock markets. Journal of Multinational Financial Management 14: 283-302.
Chen, J., W. M. Liao and C. Lu. 2012. The effects of public venture capital investments on corporate governance: Evidence from IPO firms in emerging markets. Abacus 48(1): 86-103.
Chen, X., J. Huang, X. Li and T. Zhang. 2018. Corporate governance and resource allocation efficiency: Evidence from IPO regulation in China. Journal of International Accounting Research 17(3): 43-67.
Cheng, C. S. A., J. Wang and S. X. Wei. 2015. State ownership and earnings management around initial public offerings: Evidence from China. Journal of International Accounting Research 14(2): 89-116.
Chui, A. P. L., H. F. W. Lau and Y. K. Ip. 2001. The post issue performance of initial public offering firms in the People’s Republic of China. Advances in International Accounting 14: 75-100.
Churyk, N. T., A. Reinstein and L. Smith. 2018. Jones Enterprises Real Estate Investment Trust: Comparing U.S. and Canadian acquisition accounting, balance sheet and security commission reporting, and initial public offering location. Issues in Accounting Education (May): 35-42.
Clarkson, P. M. and D. A. Simunic. 1994. The association between audit quality, retained ownership, and firm-specific risk in U.S. vs. Canadian IPO markets. Journal of Accounting and Economics (January): 207-228.
Clarkson, P. M., A. Dontoh, G. Richardson and S. E. Sefcik. 1991. Retained ownership and the valuation of initial public offerings: Canadian evidence. Contemporary Accounting Research 8(1): 115-131.
Clarkson, P. M., A. Dontoh, G. Richardson and S. E. Sefcik. 1992. The voluntary inclusion of earnings forecasts in IPO prospectuses. Contemporary Accounting Research 8(2): 601-626.
Conover, J. 2016. Discussion of Government intervention in IPO - Evidence on the exemption from IPO regulatory requirements in China. Journal of International Accounting Research 15(2): 97-99.
Dai, N. T., Z S. Tan, G. Tang and J. Z. Xiao. 2017. IPOs, institutional complexity, and management accounting in hybrid organisations: A field study in a state-owned enterprise in China. Management Accounting Research (September): 2-23.
Dambra, M., L. C. Field, M. T. Gustafson and K. Pisciotta. 2018. The consequences to analysts involvement in the IPO process: Evidence surrounding the JOBS Act. Journal of Accounting and Economics (April-May): 302-330.
Dambra, M. J., M. Gustafson and P. J. Quinn. 2020. Tax-advantaged trust use among IPO executives: Determinants and implications for valuation and future performance. The Accounting Review (May): 145-175.
Damodaran, A., D. M. McCarthy and M. C. Cohen. 2022. IPO disclosures are ripe for reform. MIT Sloan Management Review (Summer): 55-61.
Darrough, M. and S. Rangan. 2005. Do insiders manipulate earnings when they sell their shares in an initial public offering? Journal of Accounting Research (March): 1-33.
Demers, E. and P. Joos. 2007. IPO failure risk. Journal of Accounting Research (May): 333-371.
Dietzen, S. 2016. Pure Storage's CEO on choosing the right time for an IPO. Harvard Business Review (June): 37-40.
Ecker, F. 2014. Information precision and long-run performance of initial public offerings. Contemporary Accounting Research 31(3): 876-910.
Ertimur, Y., E. Sletten and J. Sunder. 2014. Large shareholders and disclosure strategies: Evidence from IPO lockup expirations. Journal of Accounting and Economics (August): 79-95.
Fan, Q. 2007. Earnings management and ownership retention for initial public offering firms: Theory and evidence. The Accounting Review (January): 27-64.
Fedyk, T., Z. Singer and M. Soliman. 2017. The sharpest tool in the shed: IPO financial statement management of STEM vs. non-Stem firms. Review of Accounting Studies 22(4): 1541-1581.
Fischer, H. M. and T. G. Pollock. 2004. Effects of social capital and power on surviving transformational change: The case of initial public offerings. The Academy of Management Journal 47(4): 463-481.
Forst, A., M. S. Park and B. Wier. 2014. Insider entrenchment and CEO compensation: Evidence from initial public offering firms. Journal of Management Accounting Research 26(1): 101-120.
Ghicas, D. C., A. Papadaki, G. Siougle and T. Sougiannis. 2008. The relevance of quantifiable audit qualifications in the valuation of IPOs. Review of Accounting Studies 13(4): 512-550.
Gordon, E. A. 2015. Discussion of State ownership and earnings management around initial public offerings: Evidence from China. Journal of International Accounting Research 14(2): 117-122.
Green, T. C. and B. Hwang. 2012. Initial public offerings as lotteries: Skewness preference and first-day returns. Management Science (February): 432-444.
Grove, H. and L. Victoravich. 2014. Longtop Financial Technologies Ltd. phony cash from IPO onward? Journal of Forensic & Investigative Accounting 6(3): 171-188.
Grove, H. and M. Clouse. 2014. Using fraud models and ratios to improve cross-border forensic analysis: Examples with Chinese IPO and RTO companies. Journal of Forensic & Investigative Accounting 6(3): 189-235.
Gu, Z. 2013. Discussion of "Do political connections add value to audit firms? Evidence from IPO audits in China". Contemporary Accounting Research 30(3): 922-924.
Guo, R., B. Lev and N. Zhou. 2004. Competitive costs of disclosure by Biotech IPOs. Journal of Accounting Research (May): 319-355.
Heeley, M. B., S. F. Matusik and N. Jain. 2007. Innovation, appropriability, and the underpricing of initial public offerings. The Academy of Management Journal 50(1): 209-225.
Hilmola, O. and M. Gupta. 2016. EVA-based performance evaluation of initial public offerings: Analysis and some TOC-based insights. Cost Management (November/December): 15-32.
Hogan, C. E. 1997. Costs and benefits of audit quality in the IPO market: A self-selection analysis. The Accounting Review (January): 67-86.
Hribar, P. 2004. Discussion of competitive costs of disclosure by Biotech IPOs. Journal of Accounting Research (May): 357-364.
Hughes, J. S. 1989. Discussion of "The valuation of initial public offerings". Contemporary Accounting Research 5(2): 519-525.
Huyghebaert, N. and W. Xu. 2016. Bias in the post-IPO earnings forecasts of affiliated analysts: Evidence from a Chinese natural experiment. Journal of Accounting and Economics (April-May): 486-505.
Jackson, S. B. 2004. Earnings management by initial public offering firms: A reexamination. Journal of Forensic Accounting (5): 67-90.
Kimbro, B. M. 2005. Managing underpricing? The case of pre-IPO discretionary accruals in China. Journal of International Financial Management & Accounting 16(3): 229-262.
Kraus, K. and T. Strömsten. 2012. Going public: The role of accounting and shareholder value in making sense of an IPO. Management Accounting Research (September): 186-201.
Krinsky, I. and W. Rotenberg. 1989. The valuation of initial public offerings. Contemporary Accounting Research 5(2): 501-515.
Kroll, M., B. A. Walters and S. A. Le. 2007. The impact of board composition and top management team ownership structure on post-IPO performance in young entrepreneurial firms. The Academy of Management Journal 50(5): 1198-1216.
Lau, H. F. W. 2004. Regulations on IPO pricing, earnings management and earnings forecasts during the reform of state enterprises in China. Advances in International Accounting 17: 175-198.
Leitch, R. A., P. R. Philipoom and T. D. Fry. 2005. Opportunity costing decision heuristics for product acceptance decisions. Journal of Management Accounting Research (17): 95-117.
Leone, A. J., S. Rice, J. P. Weber and M. Willenborg. 2013. How do auditors behave during periods of market euphoria? The case of internet IPOs. Contemporary Accounting Research 30(1): 182-214.
Leone, A. J., S. Rock and M. Willenborg. 2007. Disclosure of intended use of proceeds and underpricing in initial public offerings. Journal of Accounting Research (March): 111-153.
Li, B. and Z. Liu. 2017. The oversight role of regulators: Evidence from SEC comment letters in the IPO process. Review of Accounting Studies 22(3): 1229-1260.
Li, O. Z., Y. Lin and J. R. Robinson. 2016. The effect of capital taxes on the initial pricing and underpricing of IPOs. Journal of Accounting and Economics (April-May): 465-485.
Li, W., Y. Li and H. Zhu. 2016. Government intervention in IPO - Evidence on the exemption from IPO regulatory requirements in China. Journal of International Accounting Research 15(2): 79-96.
McCann, D. 2011. Beyond the IPO. CFO (December): 32-34.
McCann, D. 2013. The other tech IPO. CFO (December): 12.
McMullen, D. A., M. H. Sanchez and D. E. Stout. 2011. Initial public offerings and the role of the management accountant. Management Accounting Quarterly (Winter): 11-23.
Menon, K. and D. D. Williams. 1991. Auditor credibility and initial public offerings. The Accounting Review (April): 313-332.
Morsfield, S. G. and C. E. L. Tan. 2006. Do venture capitalists influence the decision to manage earnings in initial public offerings? The Accounting Review (October): 1119-1150.
Neill, J. D., S. G. Pourciau and T. F. Schaefer. 1995. Accounting method choice and IPO valuation. Accounting Horizons (September): 68-80.
O'Brien, P. C. and H. Tan. 2015. Geographic proximity and analyst coverage decisions: Evidence from IPOs. Journal of Accounting and Economics (February): 41-59.
Pisciotta, K. 2023. Analyst workload and information production: Evidence from IPO assignments. Contemporary Accounting Research 40(3): 1605-1640.
Pollock, T. G. and V. P. Rindova. 2003. Media legitimation effects in the market for initial public offerings. The Academy of Management Journal 46(5): 631-642.
Pollock, T. G., V. P. Rindova and P. G. Maggitti. 2008. Market watch: Information and availability cascades among the media and investors in the U.S. IPO market. The Academy of Management Journal 51(2): 335-358.
Ryan, V. 2013. IPO window rarely closes. CFO (October): 24.
Schmidt, E. 2010. Google's CEO on the enduring lessons of a quirky IPO. Harvard Business Review (May): 108-112.
Segarra, M. 2013. A boardroom challenge. Pre-IPO companies should pay special attention to their boards. CFO (June): 25.
Segarra, M. 2013. Can Twitter avoid IPO blunders? When the social media darling goes public, it would do well to avoid the mistakes of Facebook and Groupon. CFO (September): 24-25.
Shawver, T. A. and T. J. Shawver. 2009. Predicting management fraud in IPO companies. Management Accounting Quarterly (Fall): 22-26.
Shawver, T. J., P. C. Bancroft and J. T. Sennetti. 2006. Can the 'clan effect' reduce the gender sensitivity to fraud? The case of the IPO environment. Journal of Forensic Accounting 7(1): 185-208.
Shi, C., K. Pukthuanthong and T. Walker. 2013. Does disclosure regulation work? Evidence from international IPO markets. Contemporary Accounting Research 30(1): 356-387.
Sletten, E., Y. Ertimur, J. Sunder and J. Weber. 2018. When and why do IPO firms manage earnings? Review of Accounting Studies 23(3): 872-906.
Smart, S. B., R. S. Thirumalai and C. J. Zutter. 2008. What's in a vote The short- and long-run impact of dual-class equity on IPO firm values. Journal of Accounting and Economics (March): 94-115.
Stuart, A. 2011. Capital markets: Smoothing the IPO path. CFO (December): 15-17.
Stuart, M. D. and R. H. Willis. 2020. Use of independent valuation specialists in valuing employee stock options: Evidence from IPOs. Review of Accounting Studies 25(2): 438-473.
Teoh, S. H., T. J. Wong and G. R. Rao. 1998. Are accruals during initial public offerings opportunistic? Review of Accounting Studies 3(1-2): 175-208.
Tian, X., G. F. Udell and X. Yu. 2016. Disciplining monitors: When venture capitalists fail to prevent fraud by their IPO firms. Journal of Accounting and Economics (April-May): 526-544.
Venkataraman, R., J. P. Weber and M. Willenborg. 2008. Litigation risk, audit quality, and audit fees: Evidence from initial public offerings. The Accounting Review (September): 1315-1345.
Weber, J. and M. Willenborg. 2003. Do expert informational intermediaries add value? Evidence from auditors in Microcap IPOs. Journal of Accounting Research (September): 681-720.
Welbourne, T. M. and A. O. Andrews. 1996. Predicting the performance of initial public offerings: Should human resource management be in the equation? The Academy of Management Journal 39(4): 891-919.
Welbourne, T. M. and L. A. Cyr. 1999. The human resource executive effect in initial public offering firms. The Academy of Management Journal 42(6): 616-629.
West, R. N. and J. A. Girardi. 1998. Executing a successful spin-off and IPO transaction. Management Accounting (February): 20-24, 26.
Whittred, G. 1996. Instructional case: Accounting method choice in the IPO process. Issues in Accounting Education (Spring): 175-185.
Willenborg, M. 1999. Empirical analysis of the economic demand for auditing in the initial public offerings market. Journal of Accounting Research (Spring): 225-238.
Willenborg, M. and J. C. McKeown. 2000. Going-concern initial public offerings. Journal of Accounting and Economics (December): 279-313.
Wongsunwai, W. 2013. The effect of external monitoring on accrual-based and real earnings management: Evidence from venture-backed initial public offerings. Contemporary Accounting Research 30(1): 296-324.
Wysocki, P. D. 2007. Discussion of IPO failure risk. Journal of Accounting Research (May): 373-384.
Xu, Y., J. Yu and J. H. Zhang. 2016. The effects of the existence and financial expertise of audit committees on firms' controversial activities - Evidence form IPOs. Journal of Forensic & Investigative Accounting 8(3): 400-427.
Yang, Z. 2013. Do political connections add value to audit firms? Evidence from IPO audits in China. Contemporary Accounting Research 30(3): 891-921.