{"id":"https://openalex.org/W3125055028","doi":"https://doi.org/10.15728/bbr.2013.10.4.2","title":"Venture capital and earnings management in IPOs","display_name":"Venture capital and earnings management in IPOs","publication_year":2013,"publication_date":"2013-12-30","ids":{"openalex":"https://openalex.org/W3125055028","doi":"https://doi.org/10.15728/bbr.2013.10.4.2","mag":"3125055028"},"language":"en","primary_location":{"id":"doi:10.15728/bbr.2013.10.4.2","doi":"https://doi.org/10.15728/bbr.2013.10.4.2","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.4.2","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/185/277","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://bbronline.com.br/index.php/bbr/article/download/185/277","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082095485","display_name":"Sabrina Patrocinio Ozawa Gioielli","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1342477950","display_name":"Central Bank of Brazil","ror":"https://ror.org/01h7jse56","country_code":"BR","type":"other","lineage":["https://openalex.org/I1342477950"]},{"id":"https://openalex.org/I44202434","display_name":"Funda\u00e7\u00e3o Getulio Vargas","ror":"https://ror.org/01evzkn27","country_code":"BR","type":"education","lineage":["https://openalex.org/I44202434"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Sabrina P. Ozawa Gioielli","raw_affiliation_strings":["Brazilian Central Bank","Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","Getulio Vargas Foundation Institution: Brazilian Central Bank","de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Brazilian Central Bank","institution_ids":["https://openalex.org/I1342477950"]},{"raw_affiliation_string":"Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Getulio Vargas Foundation Institution: Brazilian Central Bank","institution_ids":["https://openalex.org/I44202434"]},{"raw_affiliation_string":"de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103274023","display_name":"Ant\u00f4nio Gledson de Carvalho","orcid":"https://orcid.org/0000-0002-3780-1149","observed_orcids":["https://orcid.org/0000-0002-3780-1149","https://orcid.org/0000-0002-5130-1992"]},"institutions":[{"id":"https://openalex.org/I1342477950","display_name":"Central Bank of Brazil","ror":"https://ror.org/01h7jse56","country_code":"BR","type":"other","lineage":["https://openalex.org/I1342477950"]},{"id":"https://openalex.org/I44202434","display_name":"Funda\u00e7\u00e3o Getulio Vargas","ror":"https://ror.org/01evzkn27","country_code":"BR","type":"education","lineage":["https://openalex.org/I44202434"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Antonio Gledson de Carvalho","raw_affiliation_strings":["Brazilian Central Bank","Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","Getulio Vargas Foundation Institution: Brazilian Central Bank","de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Brazilian Central Bank","institution_ids":["https://openalex.org/I1342477950"]},{"raw_affiliation_string":"Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Getulio Vargas Foundation Institution: Brazilian Central Bank","institution_ids":["https://openalex.org/I44202434"]},{"raw_affiliation_string":"de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5053436182","display_name":"Joelson Oliveira Sampaio","orcid":"https://orcid.org/0000-0001-6560-2481","observed_orcids":["https://orcid.org/0000-0001-6560-2481","https://orcid.org/0000-0002-5190-5163"]},"institutions":[{"id":"https://openalex.org/I1342477950","display_name":"Central Bank of Brazil","ror":"https://ror.org/01h7jse56","country_code":"BR","type":"other","lineage":["https://openalex.org/I1342477950"]},{"id":"https://openalex.org/I44202434","display_name":"Funda\u00e7\u00e3o Getulio Vargas","ror":"https://ror.org/01evzkn27","country_code":"BR","type":"education","lineage":["https://openalex.org/I44202434"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Joelson Oliveira Sampaio","raw_affiliation_strings":["Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","Brazilian Central Bank","Getulio Vargas Foundation Institution: Brazilian Central Bank","de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Alameda Ja\u00fa, 66, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av Nove de Julho 2029, Sala 912, S\u00e3o Paulo -SP -Brazil","institution_ids":[]},{"raw_affiliation_string":"Brazilian Central Bank","institution_ids":["https://openalex.org/I1342477950"]},{"raw_affiliation_string":"Getulio Vargas Foundation Institution: Brazilian Central Bank","institution_ids":["https://openalex.org/I44202434"]},{"raw_affiliation_string":"de Abreu, n. 179, Jd. Silveira, Barueri -SP -Brazil","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.9876,"has_fulltext":true,"cited_by_count":21,"citation_normalized_percentile":{"value":0.96312849,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"10","issue":"4","first_page":"30","last_page":"64"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/earnings-management","display_name":"earnings management","score":0.949999988079071},{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.9779999852180481},{"id":"https://openalex.org/keywords/venture-capital","display_name":"venture capital","score":0.8999999761581421},{"id":"https://openalex.org/keywords/private-equity","display_name":"private equity","score":0.8880000114440918},{"id":"https://openalex.org/keywords/ipo-underwriters","display_name":"IPO underwriters","score":0.5379999876022339},{"id":"https://openalex.org/keywords/auditor-reputation","display_name":"auditor reputation","score":0.8410000205039978},{"id":"https://openalex.org/keywords/firm-characteristics","display_name":"firm characteristics","score":0.6169999837875366}],"concepts":[{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.9328901767730713},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7185013890266418},{"id":"https://openalex.org/C48798503","wikidata":"https://www.wikidata.org/wiki/Q877546","display_name":"Reputation","level":2,"score":0.6811087727546692},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.558803141117096},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5543599724769592},{"id":"https://openalex.org/C2781009383","wikidata":"https://www.wikidata.org/wiki/Q15995636","display_name":"Earnings management","level":3,"score":0.5463004112243652},{"id":"https://openalex.org/C21279758","wikidata":"https://www.wikidata.org/wiki/Q219409","display_name":"Venture capital","level":2,"score":0.5462760925292969},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.5382013320922852},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5330055952072144},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5328691005706787},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3537675738334656},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3473258912563324},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2219943404197693},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.15728/bbr.2013.10.4.2","doi":"https://doi.org/10.15728/bbr.2013.10.4.2","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.4.2","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/185/277","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.1134932","doi":"https://doi.org/10.2139/ssrn.1134932","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1134932","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:bbz:fcpbbr:v:10:y:2013:i:4:p:30-64","doi":null,"is_oa":false,"landing_page_url":"http://bbronline.com.br/index.php/bbr/article/download/185/277","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.15728/bbr.2013.10.4.2","doi":"https://doi.org/10.15728/bbr.2013.10.4.2","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.4.2","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/185/277","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3125055028.pdf","grobid_xml":"https://content.openalex.org/works/W3125055028.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W617834923","https://openalex.org/W1603811794","https://openalex.org/W1884217820","https://openalex.org/W1986187321","https://openalex.org/W2004430730","https://openalex.org/W2023245676","https://openalex.org/W2031877412","https://openalex.org/W2055549572","https://openalex.org/W2085162670","https://openalex.org/W2090650059","https://openalex.org/W2098294931","https://openalex.org/W2108818539","https://openalex.org/W2109828486","https://openalex.org/W2142242808","https://openalex.org/W2148198877","https://openalex.org/W2149662459","https://openalex.org/W2332108646","https://openalex.org/W2494823856","https://openalex.org/W2913527708","https://openalex.org/W3121148065","https://openalex.org/W3121473622","https://openalex.org/W3121620818","https://openalex.org/W3121825198","https://openalex.org/W3121878673","https://openalex.org/W3122702439","https://openalex.org/W3124000325","https://openalex.org/W3124170598","https://openalex.org/W3124490521","https://openalex.org/W3124845653","https://openalex.org/W3125111241","https://openalex.org/W3125660378","https://openalex.org/W4210390549","https://openalex.org/W4229804319","https://openalex.org/W4235946400","https://openalex.org/W4324100053"],"related_works":["https://openalex.org/W2980941065","https://openalex.org/W332122576","https://openalex.org/W2518006511","https://openalex.org/W1501661097","https://openalex.org/W1948984853","https://openalex.org/W7026755245","https://openalex.org/W2583742561","https://openalex.org/W953150734","https://openalex.org/W2590053047","https://openalex.org/W7171375507"],"abstract_inverted_index":{"We":[0,19],"investigate":[1],"earnings":[2],"management":[3],"(EM)":[4],"in":[5,15,22,48,54,130],"IPOs":[6,50,108],"and":[7,27,96],"the":[8,39,63,66,87,90,109,112,136,148],"role":[9],"of":[10,24,65,89,111,138,150],"private":[11],"equity/venture":[12],"capital":[13],"(PEVC)":[14],"hampering":[16],"such":[17],"practice.":[18],"show":[20],"that":[21,121,135,147],"terms":[23],"EM,":[25],"PEVC":[26],"non-PEVC-sponsored":[28,55,85],"firms":[29,132],"should":[30],"be":[31],"treated":[32],"as":[33],"different":[34],"samples:":[35],"when":[36],"we":[37],"split":[38],"sample,":[40],"R-squared":[41],"increases":[42],"drastically":[43],"for":[44,84,106,143],"both":[45],"subsamples.":[46],"EM":[47,74,129],"PEVC-sponsored":[49,61,107,144],"is":[51,58,114,140,155],"marginal":[52],"while":[53,75],"ones":[56],"it":[57],"large.":[59],"For":[60],"IPOs,":[62],"phases":[64,88],"IPO":[67,91],"are":[68,78,92,99,124],"only":[69,100,105],"marginally":[70,101],"significant":[71,95],"to":[72,116,127,159],"explain":[73,117],"firms\u2019":[76,97],"characteristics":[77,98],"highly":[79,93,152],"statistically":[80,94,102],"significant.":[81,103],"In":[82],"contrast,":[83],"ones,":[86],"Finally,":[104],"reputation":[110],"auditor":[113,139,154],"important":[115],"EM.":[118],"This":[119],"suggests":[120],"either":[122],"auditors":[123],"more":[125,141],"effective":[126],"control":[128],"those":[131],"or,":[133],"alternatively,":[134],"choice":[137,149],"meaningful":[142],"firm,":[145],"suggesting":[146],"a":[151,156],"reputed":[153],"compromise":[157],"not":[158],"manage":[160],"earnings.":[161]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2021-02-01T00:00:00"}
