Research of Reform of Registration System and Earnings Management of R&D Activities in IPO

DOI

10.2991/aebmr.k.220307.452How to use a DOI?

Keywords

Registration System; Earnings Management; R&D; IPO

Abstract

China’s registration reform took place in 2013, and a full registration system will be implemented in 2022. The registration system takes the quality of information disclosure as the core and requires IPO enterprises to disclose true, accurate and complete information. However, it is a common phenomenon for IPO companies to conduct EARNINGS management of R&D activities in the reporting period before listing, which is mainly aimed at beautifying financial statements and raising the valuation of listing. Taking IPO companies listed on the main board and gem from 2019 to 2021 as samples, this paper finds that the registration system inhibits the earnings management degree of their R&D activities compared with the approval system.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jiacheng Geng
PY  - 2022
DA  - 2022/03/26
TI  - Research of Reform of Registration System and Earnings Management of R&D Activities in IPO
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2776
EP  - 2780
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.452
DO  - 10.2991/aebmr.k.220307.452
ID  - Geng2022
ER  -