Accounting quality and information asymmetry of foreign direct investment firms

被引：9
|
作者：
Wang, Li-Hsun [1 ]
机构：
[1] Wenzao Ursuline Univ Languages, Dept Int Business Adm, 900 Mintzu 1st Rd, Kaohsiung 80793, Taiwan
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2017年 / 42卷
关键词：
Earnings management; Idiosyncratic risk; Foreign direct investment; Managerial ownership; EARNINGS MANAGEMENT; CORPORATE GOVERNANCE; CAPITAL STRUCTURE; FDI; COSTS; COMPETITION; PROTECTION; OWNERSHIP; COUNTRIES; RISK;
D O I：
10.1016/j.ribaf.2017.07.029
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study argues that the foreign direct investment firms mislead stakeholders and are associated with greater information asymmetry due to the raised agency problem. Results show that both earnings management and idiosyncratic volatility increase with foreign investment. Managerial ownership mitigates such inefficiency.
引用
收藏
页码：950 / 958
页数：9
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