Backdoor Listing and Abnormal Sales:Evidence from the Construction Industry
碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 102 === Backdoor listing has been a growing trend in the past decade. Many unlisted companies no longer follow the traditional way which going through the substantive examination procedures step by step. Backdoor listing is a shortcut which can help companies to b...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/753r7p |
| Summary: | 碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 102 === Backdoor listing has been a growing trend in the past decade. Many unlisted companies no longer follow the traditional way which going through the substantive examination procedures step by step. Backdoor listing is a shortcut which can help companies to be qualified in the short term. This study investigates whether the companies after backdoor listing will do earnings management. And this study has focus on construction industry. The empirical results show that backdoor listing construction companies do abnormal sales indeed.
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