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

页码：1505 / 1521

页数：17

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