Institutional investment horizon, state ownership, and earnings management: evidence from China

被引：1
|
作者：
Wang, Zhihao [1 ]
Liao, Kezhi [1 ]
An, Weidong [1 ]
机构：
[1] Zhejiang Univ Technol, Sch Management, Hangzhou 310023, Zhejiang, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2023年 / 30卷 / 11期
关键词：
Institutional shareholding; institutional horizon; earnings management; state ownership; emerging market;
D O I：
10.1080/13504851.2022.2064418
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article examines the effect of the institutional investment horizon on firms' earnings management and the moderating effect of state ownership. Using a sample of Chinese listed companies from 2010 to 2018, we find that a shorter institutional horizon leads to significantly more earnings management. Focusing on the interaction between the institutional horizon and state ownership, we find that the negative effect of short-term institutional shareholdings is weaker in state-owned firms. This article contributes to the existing literature by addressing the relationship between institutional investment horizon, state ownership, and earnings management in emerging capital markets.
引用
收藏
页码：1505 / 1521
页数：17
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