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

页码：508 / 523

页数：16

共 50 条

[21] Earnings Management: An Analysis of Opportunistic Behaviour, Monitoring Mechanism and Financial Distress
Ghazali, Aziatul Waznah
Shafie, Nur Aima
Sanusi, Zuraidah Mohd
[J]. 7TH INTERNATIONAL CONFERENCE ON FINANCIAL CRIMINOLOGY 2015, 7TH ICFC 2015, 2015, 28 : 190 - 201
[22] Political and financial background in board interlocking and earnings management in Brazil
Dal Magro, Cristian Bau
Klann, Roberto Carlos
[J]. RAUSP MANAGEMENT JOURNAL, 2021, 56 (04): : 444 - 464
[23] Cosmetic Earnings Management and Auditor Choice - An Empirical Analysis of German Private Firms
Hartlieb, Sven
[J]. BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 2020, 72 (01):
[24] Private Control Benefits and Earnings Management: Evidence from Insider Controlled Firms
Gopalan, Radhakrishnan
Jayaraman, Sudarshan
[J]. JOURNAL OF ACCOUNTING RESEARCH, 2012, 50 (01) : 117 - 157
[25] The conditional nature of board characteristics in constraining earnings management in private family firms
Stockmans, Annelies
Lybaert, Nadine
Voordeckers, Wim
[J]. JOURNAL OF FAMILY BUSINESS STRATEGY, 2013, 4 (02) : 84 - 92
[26] Financial dependence and innovation: The case of public versus private firms
Acharya, Viral
Xu, Zhaoxia
[J]. JOURNAL OF FINANCIAL ECONOMICS, 2017, 124 (02) : 223 - 243
[27] Earnings management by top Chinese listed firms in response to the global financial crisis
Xu, Guanglu
Ji, Xudong
[J]. INTERNATIONAL JOURNAL OF ACCOUNTING AND INFORMATION MANAGEMENT, 2016, 24 (03) : 226 - 251
[28] The motivations of earnings management and financial aggressiveness in American firms listed on the NASDAQ 100
Neifar, Souhir
Halioui, Khamoussi
Ben Abdelaziz, Fouad
[J]. JOURNAL OF APPLIED ACCOUNTING RESEARCH, 2016, 17 (04) : 397 - 420
[29] Bank financial distress and earnings management strategies: evidence from MENA countries
Ben Rejeb, Mouna
Alzyadat, Safwan
Merzki, Nozha
[J]. ASIAN REVIEW OF ACCOUNTING, 2024,
[30] The real earnings management gap between private and public firms: Evidence from Europe
Yang, Jingwen
Hemmings, Danial
Jaafar, Aziz
Jackson, Richard H. G.
[J]. JOURNAL OF INTERNATIONAL ACCOUNTING AUDITING AND TAXATION, 2022, 49

← 1 2 3 4 5 →