Insider Stock Ownership and Earnings Persistence: Evidence from China

被引：0
|
作者：
Minsi, Lin [1 ]
Razali, Fazlida Mohd [2 ]
Johari, Razana Juhaida [3 ]
Jasni, Nur Syuhada [3 ]
机构：
[1] Minjiang Univ, Univ Teknol MARA, Accounting Res Inst HICoE, Malaysia & Sch Econ & Management, Fuzhou, Peoples R China
[2] Univ Teknol MARA, Malaysia & Fac Accountancy, Accounting Res Inst HICoE, Shah Alam, Selangor, Malaysia
[3] Univ Teknol MARA, Fac Accountancy, Kampus Puncak Alam, Cawangan Selangor, Selangor, Malaysia
来源：
PUBLIC ORGANIZATION REVIEW | 2025年
关键词：
Insider Stock Ownership; Supervisory Board; Agency Theory; Earnings Persistence; FIRM PERFORMANCE EVIDENCE; EXECUTIVE-COMPENSATION; MANAGERIAL OWNERSHIP; CORPORATE GOVERNANCE; MARKET VALUATION; AGENCY; BOARD; SHAREHOLDERS; INFORMATION; BEHAVIOR;
D O I：
10.1007/s11115-025-00830-3
中图分类号：
C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;
摘要：
This study examines the impact of insider stock ownership on earnings persistence within the framework of agency theory following the 2018 implementation of a revised Code of Corporate Governance of Listed Companies in China. Analyzing data from A-share firms on the Shanghai and Shenzhen exchanges from 2018 to 2021, the results show a significant positive impact of ownership by boards of directors, executives, and actual controllers on earnings persistence. Supervisory board ownership did not have a significant impact on earnings persistence. These findings bring attention to issues concerning the efficacy of internal governance in Chinese listed firms.
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页数：20
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