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《The Study of Finance and Economics》 2001-07
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A Research in the Relationship between the Earnings Pattern of IPO Firms and Its Ownership

LU Wen-bin ,ZHU Hong-jun (1. School of Accounting, Shanghai University of Finance and Economics,Shanghai 200433, China; 2. Research Institute of Accounting and Finance, Shanghai University of Finance and Economics ,Shanghai 200433,China)  
This paper examines the earnings pattern at the pariod from the year of IPO to the following three years, and the relationship between the earnings pattern of IPO firms and its ownership. Our sample contains 82 A-shares issued at 1996. The result shows that the earnings peaks in the year before IPO and declines thereafter significantly. We also find that non-negotiable shares can significantly impact the earnings pattern of IPO firms, but ne gotiable shares cannot.
【Fund】: 普通高等院校人文社会科学重点研究基地资助项目
【CateGory Index】: F276.6
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