7 research outputs found
Real and Accrual Earnings Management, Does Ownership Retention Matters? Evidence from Emerging Market IPOs
The paper investigated the real and accrual earnings discretionary behaviour of Malaysian IPO firms contemporaneously in terms of nature, direction and quantum. It investigates the discretionary behaviour according to year of listing, industrial sectors, individual accounting items and the impact of ownership retention. The sample consists of 253 Malaysian IPO firms from 2002-2013. The 1991,modified Jones and Roychowdhury, (2006) cross sectional models were used to investigate accrual and real activity discretionary behaviour. The results indicate significant positive abnormal real earnings management and a significant difference in earning management proxies across industrial sectors. Retained ownership is negatively associated with earnings management proxies which seem to support the alignment hypothesis. The study justifies the merging of Main and Second boards and recommend tightening of regulations to constrain real activity discretionary behaviour. It provides academics, analysts, regulators and other gatekeepers with better understanding of earnings management around the IPO event. Keywords: Real and Accrual Earnings Management, Initial Public Offering, ownership Retentio
Airflow Dynamics of Human Jets: Sneezing and Breathing - Potential Sources of Infectious Aerosols
10.1371/journal.pone.0059970PLoS ONE84
Nasal breathing airflow parameters.
<p>A: Measured visible propagation distances and derived velocities; B: Measured 2-dimensional (2D) areas and derived expansion rates.</p
Experimental set-up for the shadowgraph imaging of the human respiratory airflows described in this study (reproduced from Tang et al. 2012).
<p>Experimental set-up for the shadowgraph imaging of the human respiratory airflows described in this study (reproduced from Tang et al. 2012).</p
Mouth breathing airflow parameters.
<p>A: Measured visible propagation distances and derived velocities; B: Measured 2-dimensional (2D) areas and derived expansion rates.</p
Reanalysed coughing airflow parameters for comparison.
<p>A: Measured visible propagation distances and derived velocities; B: Measured 2-dimensional (2D) areas and derived expansion rates.</p
Sneezing airflow parameters.
<p>A: Measured visible propagation distances and derived velocities; B: Measured 2-dimensional (2D) areas and derived expansion rates.</p