Does Information Disclosure Matter?-Evidence from China's Multi-Tiered Capital Market System

被引：0
|
作者：
Li, Yong-Yi [1 ]
机构：
[1] Beijing Normal Univ, Zhuhai Sch Management, 18 Jinfeng Rd, Zhuhai City, Guangdong, Peoples R China
来源：
2018 INTERNATIONAL CONFERENCE ON E-COMMERCE AND CONTEMPORARY ECONOMIC DEVELOPMENT (ECED 2018) | 2018年
关键词：
Information disclosure; Transparency; Earnings management; EARNINGS MANAGEMENT;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper contributes to the literature on whether the information disclosure system decreases earnings management. Using China's Multi-Tiered Capital Market including the Main Board, SME Board, and the ChiNext market, we find that earnings management can be effectively reduced by the disclosure system, and that the level of information disclosure is negatively related to earnings management. Comparing firms with a transparency ranking downgrade, we show that firms with a ranking upgrade tend to exhibit a significant decrease in their earnings management activities.
引用
收藏
页码：348 / 352
页数：5
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