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
相关论文
共 50 条
  • [41] CORPORATE GOVERNANCE AND EARNINGS MANAGEMENT: EVIDENCE FROM LISTED NON-FINANCIAL FIRMS
    Sadiq, M.
    Pantamee, A. A.
    Mohamad, S.
    Aldeehani, M. T.
    Ady, S. U.
    [J]. POLISH JOURNAL OF MANAGEMENT STUDIES, 2020, 22 (02): : 456 - 469
  • [42] Do firms change earnings management behavior after receiving financial forecast warnings?
    Chung, Yu-Hsuan
    Pan, Lee-Hsien
    Huang, Shaio Yan
    Chen, K. C.
    [J]. GLOBAL FINANCE JOURNAL, 2015, 27 : 1 - 17
  • [43] Why Firms Announce Good News Late: Earnings Management and Financial Reporting Timeliness*
    Kim, Mark P.
    Pierce, Spencer R.
    Yeung, Ira
    [J]. CONTEMPORARY ACCOUNTING RESEARCH, 2021, 38 (04) : 2691 - 2722
  • [44] The impact of SME's pre-bankruptcy financial distress on earnings management tools
    Campa, Domenico
    Camacho-Minano, Maria-del-Mar
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2015, 42 : 222 - 234
  • [45] Top management team diversity impact on financial performance: Evidence from VW Group affiliated firms
    Velinov, Emil
    [J]. FINANCIAL INTERNET QUARTERLY, 2023, 19 (03) : 1 - 15
  • [46] The Effect of Liquidity Ratios on Earnings Management Portuguese listed firms case
    Stefanyshyn, Kostyantyn
    Dias, Paulo
    [J]. 2019 14TH IBERIAN CONFERENCE ON INFORMATION SYSTEMS AND TECHNOLOGIES (CISTI), 2019,
  • [47] PREDICTION OF FIRMS FINANCIAL DISTRESS: THE CASE OF THE GREEK FISH-FARMING INDUSTRY
    Lemonakis, C.
    Andreopoulou, Z.
    Sfendurakis, I.
    Lianoudaki, K.
    Garefalakis, A.
    [J]. JOURNAL OF ENVIRONMENTAL PROTECTION AND ECOLOGY, 2015, 16 (02): : 528 - 538
  • [48] Corporate financial distress: The case of publicly listed firms in an emerging market economy
    Lizares, Regina M.
    Bautista, Carlos C.
    [J]. JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, 2021, 32 (01) : 5 - 20
  • [49] Financial distress prediction: The case of French small and medium-sized firms
    Mselmi, Nada
    Lahiani, Amine
    Hamza, Taher
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2017, 50 : 67 - 80
  • [50] A prediction of firms' financial distress using macro and micro variables: A case of Thailand
    Tirapat, S
    Aekkachai, N
    [J]. RESTRUCTURING ASIAN ECONOMICS FOR THE NEW MILLENNIUM, VOLS 9A AND 9B, 2001, 9A : 427 - 446
12345