ABSTRACT

There is a relative absence of research that addresses the role of IPO grading on Earnings management (EM) in India. This study examines the earnings management practices among Indian companies that went for IPOs during the mandatory IPO grading era and the optional IPO grading era. The study covers 351 companies that went public for the first time in India from 2008 to 2022. The study found that the AEM practices proxied by discretionary accruals are decreasing during the grading era and increasing in the optional grading era. On the other hand, REM is found to be increasing in the grading era and decreasing in the optional era.

中文翻译：

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印度公司在首次公开募股期间进行酌情盈余管理是否更常见？

摘要

印度相对缺乏 IPO 评级对盈余管理 (EM) 作用的研究。本研究考察了在强制性 IPO 评级时代和选择性 IPO 评级时代进行 IPO 的印度公司的盈余管理实践。该研究涵盖了 2008 年至 2022 年期间在印度首次上市的 351 家公司。研究发现，以酌定应计利润为代表的 AEM 做法在评级时代正在减少，而在可选评级时代却在增加。另一方面，REM被发现在分级时代增加，在可选时代减少。