Institutional ownership and earnings quality: Evidence from China

被引：0
|
作者：
Ali, Muhammad Jahangir [1 ]
Biswas, Pallab Kumar [2 ]
Chapple, Larelle [3 ]
Kumarasinghe, Sriyalatha [2 ]
机构：
[1] La Trobe Univ, La Trobe Business Sch, Dept Accounting & Data Analyt, Melbourne, Australia
[2] Univ Otago, Dept Accountancy & Finance, Dunedin, New Zealand
[3] Queensland Univ Technol, QUT Business Sch, Brisbane, Australia
来源：
PACIFIC-BASIN FINANCE JOURNAL | 2024年 / 84卷
关键词：
Institutional ownership; Earnings quality; Accruals earnings management; Real earnings management; SOE; China; FIRM PERFORMANCE EVIDENCE; STATE-OWNED ENTERPRISES; CORPORATE GOVERNANCE; INVESTMENT EFFICIENCY; AUDIT-QUALITY; BIG; MANAGEMENT; REAL; INVESTORS; PROTECTION;
D O I：
10.1016/j.pacfin.2024.102275
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the impact of institutional ownership on earnings quality in China. We have employed two proxies of earnings quality: discretionary accruals and real earnings management. Using 19,743 firm-year observations from 2009 to 2017, we find that firms with higher institutional ownership are more likely to display higher earnings quality in lower discretionary accruals and lesser real activities manipulation. Our results are robust after controlling for endogeneity.
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页数：17
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