Financial distress, political affiliation and earnings management: the case of politically affiliated private firms

被引：36
|
作者：
Jacoby, Gady [1 ]
Li, Jialong [1 ]
Liu, Mingzhi [1 ]
机构：
[1] Univ Manitoba, IH Asper Sch Business, Dept Accounting & Finance, Winnipeg, MB R3T 5V4, Canada
来源：
EUROPEAN JOURNAL OF FINANCE | 2019年 / 25卷 / 06期
关键词：
financial distress; earnings management; political affiliation; economic imbalance; CORPORATE GOVERNANCE; ECONOMIC-GROWTH; CONNECTIONS; OWNERSHIP; PERFORMANCE; TURNOVER; BEHAVIOR;
D O I：
10.1080/1351847X.2016.1233126
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a sample of politically affiliated private firms in China, we explore the relation between corporate financial distress and earnings management. We further examine the joint moderating effects of political affiliation and regional development on this relation. The findings suggest that financially distressed firms engage more in reporting small positive earnings relative to financially healthy firms. In addition, political affiliation weakens the association between financial distress and small positive earnings management. A three-way interaction analysis indicates that the moderating effect of political affiliation is influenced by regional development.
引用
收藏
页码：508 / 523
页数：16
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