Pengaruh Mispricing Terhadap Leverage : Pengujian Hipotesa Teori Market Timing

Financial decision became crusial for corporate when they need to funding their investment. One of the choice that manager can take is Initial Public Offering (IPO). This study analyses the role of discretionary accruals when coorporate planned to take Initial Public Offering (IPO). The market timing theory suggests that manager are able to identify certain windows of opportunity which equ…