Research Information System
Pamukkale Üniversitesi İşletme Araştırmaları Dergisi , vol.11, no.1, pp.291-314, 2024 (Peer-Reviewed Journal)
Earnings management (EM) is a prevalent topic in accounting, with many literature reviews on it. However, reviews focusing on a specific area are rare. In this study, we concentrate on the studies examining the EM behavior of firms around seasoned equity offerings (SEOs). A systematic literature review is conducted in four databases, namely Emerald, JSTOR, ScienceDirect, and Wiley Online Library, for 1998 and 2022. Thirty-eight articles are included in the sample. The articles are examined and discussed according to (1) the methodology to detect earnings management, (2) the perspective adopted, and (3) the factors affecting earnings management around SEOs. The study has shown that the highest number of studies have been carried out in the United States, revealing a need for studies in other markets, especially in emerging markets. The studies employed well-known and widely accepted methods of detecting earnings management. Most researchers take the opportunistic perspective, and the informative perspective needs more investigation.