메뉴 건너뛰기




Volumn 36, Issue 5-6, 2009, Pages 587-615

Private equity involvement and earnings quality

Author keywords

Conditional conservatism; Earnings quality; Loss recognition timeliness; Private equity

Indexed keywords


EID: 68349154820     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/j.1468-5957.2009.02147.x     Document Type: Article
Times cited : (27)

References (50)
  • 1
    • 85046052273 scopus 로고    scopus 로고
    • Venture capital financing of entrepreneurship: Theory, evidence and research agenda
    • D. Sexton. and. H. Landstrom. eds. Blackwell Publishers
    • Amit R., J. Brander and C. Zott (2000 Venture Capital Financing of Entrepreneurship: Theory, Evidence and Research Agenda in D. Sexton and H. Landstrom (eds. Handbook of Entrepreneurship (Blackwell Publishers pp. 259 81.
    • (2000) Handbook of Entrepreneurship , pp. 259-81
    • Amit, R.1    Brander, J.2    Zott, C.3
  • 2
    • 33645564951 scopus 로고    scopus 로고
    • Venture-backed private equity valuation and financial statement information
    • Armstrong C., A. Davila and G. Foster (2006 Venture-Backed Private Equity Valuation and Financial Statement Information Review of Accounting Studies, Vol. 11 (March pp. 119 54.
    • (2006) Review of Accounting Studies , vol.11 , Issue.MARCH , pp. 119-54
    • Armstrong, C.1    Davila, A.2    Foster, G.3
  • 3
    • 13844254179 scopus 로고    scopus 로고
    • Earnings quality in UK private firms
    • Ball, R. and L. Shivakumar (2005 Earnings Quality in UK Private Firms Journal of Accounting and Economics, Vol. 39, No. 1 (February pp. 83 128.
    • (2005) Journal of Accounting and Economics , vol.39 , Issue.1 FEBRUARY , pp. 83-128
    • Ball, R.1    Shivakumar, L.2
  • 4
    • 0031498138 scopus 로고    scopus 로고
    • The conservatism principle and the asymmetric timeliness of earnings
    • Basu, S. (1997 The Conservatism Principle and the Asymmetric Timeliness of Earnings Journal of Accounting and Economics, Vol. 24, No. 1 (December pp. 3 37.
    • (1997) Journal of Accounting and Economics , vol.24 , Issue.1 DECEMBER , pp. 3-37
    • Basu, S.1
  • 5
    • 22144449657 scopus 로고    scopus 로고
    • Conditional and unconditional conservatism: Concepts and modelling
    • Beaver, W. and S. Ryan (2005 Conditional and Unconditional Conservatism: Concepts and Modelling Review of Accounting Studies, Vol. 10 (September pp. 269 309.
    • (2005) Review of Accounting Studies , vol.10 , Issue.SEPTEMBER , pp. 269-309
    • Beaver, W.1    Ryan, S.2
  • 6
    • 55149106028 scopus 로고    scopus 로고
    • Business Groups, Taxes and Earnings Management
    • Tilburg University
    • Beuselinck, C. and M. Deloof (2007 Business Groups, Taxes and Earnings Management CentER Discussion Paper (Tilburg University).
    • (2007) CentER Discussion Paper
    • Beuselinck, C.1    Deloof, M.2
  • 7
    • 57049142005 scopus 로고    scopus 로고
    • Private equity investments and disclosure policy
    • Beuselinck, C. M. Deloof and S. Manigart (2008 Private Equity Investments and Disclosure Policy European Accounting Review, Vol. 17, No. 4 (December pp. 607 39.
    • (2008) European Accounting Review , vol.17 , Issue.4 DECEMBER , pp. 607-39
    • Beuselinck, C.1    Deloof, M.2    Manigart, S.3
  • 8
    • 0000577806 scopus 로고    scopus 로고
    • Venture capital and the structure of capital markets: Banks versus stock markets
    • Black, B. and R. Gilson (1998 Venture Capital and the Structure of Capital Markets: Banks Versus Stock Markets Journal of Financial Economics, Vol. 47 (November pp. 243 77.
    • (1998) Journal of Financial Economics , vol.47 , Issue.NOVEMBER , pp. 243-77
    • Black, B.1    Gilson, R.2
  • 9
    • 33745588709 scopus 로고    scopus 로고
    • The importance of reporting incentives: Earnings management in European private and public firms
    • Burgstahler, D., L. Hail and C. Leuz (2006 The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms The Accounting Review, Vol. 81, No. 5 (October pp. 983 1016.
    • (2006) The Accounting Review , vol.81 , Issue.5 OCTOBER , pp. 983-1016
    • Burgstahler, D.1    Hail, L.2    Leuz, C.3
  • 10
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R&D investment behaviour
    • Bushee, B. (1998 The Influence of Institutional Investors on Myopic R&D Investment Behaviour The Accounting Review, Vol. 73, No. 3 (July pp. 305 33.
    • (1998) The Accounting Review , vol.73 , Issue.3 JULY , pp. 305-33
    • Bushee, B.1
  • 11
    • 0742276632 scopus 로고    scopus 로고
    • Financial accounting information, organizational complexity and corporate governance systems
    • Bushman, R., Q. Chen, E. Engel and A. Smith (2004 Financial Accounting Information, Organizational Complexity and Corporate Governance Systems Journal of Accounting and Economics, Vol. 37, No. 2 (June pp. 167 201.
    • (2004) Journal of Accounting and Economics , vol.37 , Issue.2 JUNE , pp. 167-201
    • Bushman, R.1    Chen, Q.2    Engel, E.3    Smith, A.4
  • 12
    • 1142289719 scopus 로고    scopus 로고
    • Institutional monitoring and opportunistic earnings management
    • Chung, R., M. Firth and J-B. Kim (2002 Institutional Monitoring and Opportunistic Earnings Management Journal of Corporate Finance, Vol. 8, No. 1, pp. 29 48.
    • (2002) Journal of Corporate Finance , vol.8 , Issue.1 , pp. 29-48
    • Chung, R.1    Firth, M.2    Kim, J.-B.3
  • 14
    • 0037237268 scopus 로고    scopus 로고
    • Stage financing and the role of convertible debt
    • Cornelli F. and O. Yosha (2003 Stage Financing and the Role of Convertible Debt Review of Economic Studies, Vol. 70, No. 1, pp. 1 32.
    • (2003) Review of Economic Studies , vol.70 , Issue.1 , pp. 1-32
    • Cornelli, F.1    Yosha, O.2
  • 15
    • 27844455440 scopus 로고    scopus 로고
    • Management accounting systems adoption decisions: Evidence and performance implications from early-stage/startup companies
    • Davila A. and G. Foster (2005 Management Accounting Systems Adoption Decisions: Evidence and Performance Implications from Early-Stage/Startup Companies The Accounting Review, Vol. 80, No. 4 (October pp. 1039 68.
    • (2005) The Accounting Review , vol.80 , Issue.4 OCTOBER , pp. 1039-68
    • Davila, A.1    Foster, G.2
  • 16
    • 43949157969 scopus 로고
    • Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals
    • Dechow, P. M. (1994 Accounting Earnings and Cash Flows as Measures of Firm Performance: The Role of Accounting Accruals Journal of Accounting and Economics, Vol. 18, No. 1 (July pp. 3 42.
    • (1994) Journal of Accounting and Economics , vol.18 , Issue.1 JULY , pp. 3-42
    • Dechow, P.M.1
  • 19
    • 0000396291 scopus 로고    scopus 로고
    • Empirical research on accounting choice
    • Fields, T., T. Lys and L. Vincent (2001 Empirical Research on Accounting Choice Journal of Accounting and Economics, Vol. 31, Nos. 1-3 (September pp. 255 307.
    • (2001) Journal of Accounting and Economics , vol.31 , Issue.1-3 SEPTEMBER , pp. 255-307
    • Fields, T.1    Lys, T.2    Vincent, L.3
  • 20
    • 33749361870 scopus 로고    scopus 로고
    • Managerial ownership, information content of earnings, and discretionary accruals in a non-US setting
    • Gabrielsen, G., J. Gramlich and T. Plenborg (2002 Managerial Ownership, Information Content of Earnings, and Discretionary Accruals in a Non-US Setting Journal of Business Finance & Accounting, Vol. 29, Nos. 7-8 (September/October pp. 967 87.
    • (2002) Journal of Business Finance & Accounting , vol.29 , Issue.7-8 SEPTEMBER-OCTOBER , pp. 967-87
    • Gabrielsen, G.1    Gramlich, J.2    Plenborg, T.3
  • 21
    • 42449095813 scopus 로고    scopus 로고
    • Asset write offs in the absence of agency problems
    • Garrod, N., U. Kosi and A. Valentincic (2008 Asset Write Offs in the Absence of Agency Problems Journal of Business Finance & Accounting, Vol. 35, Nos. 3-4 (April/May pp. 307 30.
    • (2008) Journal of Business Finance & Accounting , vol.35 , Issue.3-4 APRIL-MAY , pp. 307-30
    • Garrod, N.1    Kosi, U.2    Valentincic, A.3
  • 22
    • 84993858218 scopus 로고
    • Optimal investment, monitoring, and the staging of venture capital
    • Gompers, P. A. (1995 Optimal Investment, Monitoring, and the Staging of Venture Capital Journal of Finance, Vol. 50, No. 5 (December pp. 1461 89.
    • (1995) Journal of Finance , vol.50 , Issue.5 DECEMBER , pp. 1461-89
    • Gompers, P.A.1
  • 24
    • 18944369743 scopus 로고    scopus 로고
    • The value relevance of financial statements in the venture capital market
    • Hand, J. (2005 The Value Relevance of Financial Statements in the Venture Capital Market The Accounting Review, Vol. 80, No. 2 (April pp. 613 48.
    • (2005) The Accounting Review , vol.80 , Issue.2 APRIL , pp. 613-48
    • Hand, J.1
  • 25
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman, J. (1979 Sample Selection Bias as a Specification Error Econometrica, Vol. 47, pp. 153 61.
    • (1979) Econometrica , vol.47 , pp. 153-61
    • Heckman, J.1
  • 26
    • 0013118760 scopus 로고    scopus 로고
    • Venture capital and the professionalization of start-up firms: Empirical evidence
    • Hellmann, T. and M. Puri (2002 Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence Journal of Finance, Vol. 57, No. 1 (February pp. 169 97.
    • (2002) Journal of Finance , vol.57 , Issue.1 FEBRUARY , pp. 169-97
    • Hellmann, T.1    Puri, M.2
  • 27
    • 0038660446 scopus 로고    scopus 로고
    • Financial contracting meets the real world: An empirical analysis of venture capital contracts
    • Kaplan, S. and P. Strömberg (2003 Financial Contracting Meets the Real World: An Empirical Analysis of Venture Capital Contracts Review of Economic Studies, Vol. 70, No. 2, pp. 281 315.
    • (2003) Review of Economic Studies , vol.70 , Issue.2 , pp. 281-315
    • Kaplan, S.1    Strömberg, P.2
  • 28
    • 6344230194 scopus 로고    scopus 로고
    • Characteristics, contracts, and actions: Evidence from venture capitalist analyses
    • Kaplan, S. and P. Strömberg (2004 Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses Journal of Finance, Vol. 59, No. 5 (October pp. 2177 209.
    • (2004) Journal of Finance , vol.59 , Issue.5 OCTOBER , pp. 2177-209
    • Kaplan, S.1    Strömberg, P.2
  • 30
    • 0037213857 scopus 로고    scopus 로고
    • Public versus private venture capital: Seeding or crowding out? A pan-European analysis
    • Leleux, B. and B. Surlemont (2003 Public Versus Private Venture Capital: Seeding or Crowding Out? A Pan-European Analysis Journal of Business Venturing, Vol. 8, No. 1 (January pp. 81 104.
    • (2003) Journal of Business Venturing , vol.8 , Issue.1 JANUARY , pp. 81-104
    • Leleux, B.1    Surlemont, B.2
  • 31
    • 84993865817 scopus 로고
    • Venture capitalists and the oversight of private firms
    • Lerner, J. (1995 Venture Capitalists and the Oversight of Private Firms Journal of Finance, Vol. 50, No. 1 (January pp. 301 18.
    • (1995) Journal of Finance , vol.50 , Issue.1 JANUARY , pp. 301-18
    • Lerner, J.1
  • 32
    • 34547352810 scopus 로고
    • Criteria distinguishing successful from unsuccessful ventures in the venture screening process
    • MacMillan, I. C., L. Zemann and B. Subbanarasimha (1987 Criteria Distinguishing Successful from Unsuccessful Ventures in the Venture Screening Process Journal of Business Venturing, Vol. 2, No. 2 (Spring pp. 123 37.
    • (1987) Journal of Business Venturing , vol.2 , Issue.2 SPRING , pp. 123-37
    • MacMillan, I.C.1    Zemann, L.2    Subbanarasimha, B.3
  • 33
    • 85011249824 scopus 로고    scopus 로고
    • The survival of venture capital backed companies
    • Manigart, S., K. Baeyens and W. Van Hyfte (2002 The Survival of Venture Capital Backed Companies Venture Capital, Vol. 4, No. 2, pp. 103 24.
    • (2002) Venture Capital , vol.4 , Issue.2 , pp. 103-24
    • Manigart, S.1    Baeyens, K.2    Van Hyfte, W.3
  • 34
    • 84977723575 scopus 로고
    • Venture capital certification in initial public offerings
    • Megginson, W. and K. Weiss (1991 Venture Capital Certification in Initial Public Offerings Journal of Finance, Vol. 46, No. 3 (July pp. 879 903.
    • (1991) Journal of Finance , vol.46 , Issue.3 JULY , pp. 879-903
    • Megginson, W.1    Weiss, K.2
  • 35
    • 0011048180 scopus 로고
    • Post investment demand for accounting information by venture capitalists
    • Mitchell, F., G.C. Reid and N.G. Terry (1995 Post Investment Demand for Accounting Information by Venture Capitalists Accounting and Business Research, Vol. 25, pp. 186 96.
    • (1995) Accounting and Business Research , vol.25 , pp. 186-96
    • Mitchell, F.1    Reid, G.C.2    Terry, N.G.3
  • 36
    • 37849188608 scopus 로고    scopus 로고
    • Do venture capitalists influence the decision to manage earnings in initial public offerings
    • Morsfield, S. and C. Tan (2006 Do Venture Capitalists Influence the Decision to Manage Earnings in Initial Public Offerings The Accounting Review, Vol. 81, No. 5 (July pp. 1119 50.
    • (2006) The Accounting Review , vol.81 , Issue.5 JULY , pp. 1119-50
    • Morsfield, S.1    Tan, C.2
  • 37
    • 0001208711 scopus 로고
    • Growth patterns of the European venture capital industry
    • Ooghe, H., S. Manigart and Y. Fassin (1991 Growth Patterns of the European Venture Capital Industry Journal of Business Venturing, Vol. 6, No. 6 (November pp. 381 404.
    • (1991) Journal of Business Venturing , vol.6 , Issue.6 NOVEMBER , pp. 381-404
    • Ooghe, H.1    Manigart, S.2    Fassin, Y.3
  • 39
    • 37549055946 scopus 로고    scopus 로고
    • Identifying conditional conservatism
    • Ryan, S. (2006 Identifying Conditional Conservatism European Accounting Review, Vol. 15, No. 4 (December pp. 511 26.
    • (2006) European Accounting Review , vol.15 , Issue.4 DECEMBER , pp. 511-26
    • Ryan, S.1
  • 40
    • 0000887602 scopus 로고
    • Structure and governance of venture capital organizations
    • Sahlman, W. (1990 Structure and Governance of Venture Capital Organizations Journal of Financial Economics, Vol. 27, No. 2 (October pp. 473 521.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 OCTOBER , pp. 473-521
    • Sahlman, W.1
  • 41
    • 0030295259 scopus 로고    scopus 로고
    • Venture capitalist governance and value-added in four countries
    • Sapienza, H., S. Manigart and W. Vermeir (1996 Venture Capitalist Governance and Value-Added in Four Countries Journal of Business Venturing, Vol. 11, No. 6 (November pp. 439 70.
    • (1996) Journal of Business Venturing , vol.11 , Issue.6 NOVEMBER , pp. 439-70
    • Sapienza, H.1    Manigart, S.2    Vermeir, W.3
  • 42
    • 0000194221 scopus 로고    scopus 로고
    • Empirical tax research in accounting
    • Shackelford, D. and T. Shevlin (2001 Empirical Tax Research in Accounting Journal of Accounting and Economics, Vol. 31, Nos. 1-3 (September pp. 321 87.
    • (2001) Journal of Accounting and Economics , vol.31 , Issue.1-3 SEPTEMBER , pp. 321-87
    • Shackelford, D.1    Shevlin, T.2
  • 43
    • 33749045633 scopus 로고    scopus 로고
    • Institutional ownership and the quality of earnings
    • Velury, U. and D. Jenkins (2006 Institutional Ownership and the Quality of Earnings Journal of Business Research, Vol. 59, No. 9, pp. 1043 51.
    • (2006) Journal of Business Research , vol.59 , Issue.9 , pp. 1043-51
    • Velury, U.1    Jenkins, D.2
  • 44
    • 2542456977 scopus 로고
    • Managerial ownership, accounting choices, and informativeness of earnings
    • Warfield, T., J. Wild and K. Wild (1995 Managerial Ownership, Accounting Choices, and Informativeness of Earnings Journal of Accounting and Economics, Vol. 20, No. 1 (July pp. 61 91.
    • (1995) Journal of Accounting and Economics , vol.20 , Issue.1 JULY , pp. 61-91
    • Warfield, T.1    Wild, J.2    Wild, K.3
  • 45
    • 0742311560 scopus 로고    scopus 로고
    • Conservatism in accounting, Part I: Explanations and implications
    • Watts, R. (2003 Conservatism in Accounting, Part I: Explanations and Implications Accounting Horizons, Vol. 17, No. 3 (September pp. 207 21.
    • (2003) Accounting Horizons , vol.17 , Issue.3 SEPTEMBER , pp. 207-21
    • Watts, R.1
  • 47
    • 0000095552 scopus 로고
    • A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity
    • White, H. (1980 A Heteroscedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroscedasticity Econometrica, Vol. 48, pp. 817 38.
    • (1980) Econometrica , vol.48 , pp. 817-38
    • White, H.1
  • 48
    • 33751538712 scopus 로고    scopus 로고
    • Venture capital and private equity: A review and synthesis
    • Wright, M. and K. Robbie (1998 Venture Capital and Private Equity: A Review and Synthesis Journal of Business Finance & Accounting, Vol. 25, Nos. 5-6, pp. 521 71.
    • (1998) Journal of Business Finance & Accounting , vol.25 , Issue.5-6 , pp. 521-71
    • Wright, M.1    Robbie, K.2
  • 49
    • 68349143797 scopus 로고    scopus 로고
    • Private equity, corporate governance, and the reinvention of the market for corporate control
    • Wruck, K. (2008 Private Equity, Corporate Governance, and the Reinvention of the Market for Corporate Control Journal of Applied Corporate Finance, Vol. 20, No. 3 (Summer pp. 8 21.
    • (2008) Journal of Applied Corporate Finance , vol.20 , Issue.3 SUMMER , pp. 8-21
    • Wruck, K.1
  • 50
    • 17544365305 scopus 로고    scopus 로고
    • Corporate ownership structure and the informativeness of earnings
    • Yeo, G., P. Tan, K. Ho and S. Chen (2002 Corporate Ownership Structure and the Informativeness of Earnings Journal of Business Finance & Accounting, Vol. 29, Nos. 7-8 (September/October pp. 1023 45.
    • (2002) Journal of Business Finance & Accounting , vol.29 , Issue.7-8 SEPTEMBER-OCTOBER , pp. 1023-45
    • Yeo, G.1    Tan, P.2    Ho, K.3    Chen, S.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.