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Does Venture Capital Backing Improve Disclosure Controls and Procedures? Evidence from Management’s Post‑IPO Disclosures
Type: Text
Year: 2022, 2022
Member of: FAU College Collections
Contributors: Douglas Cumming, Lars Helge Hass, Linda A. Myers, Monika Tarsalewska
Publisher: Springer
Description: Firm managers make ethical decisions regarding the form and quality of disclosure. Disclosure can have long-term implications for performance, earnings manipulation, and even fraud. We investigate the impact of venture capital (VC) backing on the quality and informativeness of disclosure controls and procedures for newly public companies. We find that these controls and procedures are stronger,… more
Full Text: Journal of Business Ethics (2023) 187:539–563 https://doi.org/10.1007/s10551-022-05272-1 ORIGINAL PAPER Does Venture Capital Backing Improve Disclosure Controls and Procedures? Evidence from Management’s Post‑IPO Disclosures Douglas Cumming1,5 · Lars …