Short-Selling Threats and Real Earnings Management-International Evidence

被引：11

作者：

Jiang, Haiyan ^{[1
]}

Qin, Yafeng ^{[2
]}

Bai, Min ^{[1
]}

机构：

[1] Univ Waikato, Waikato Management Sch, Sch Accounting Econ & Finance, Hamilton, New Zealand

[2] Massey Univ, Sch Econ & Finance, Auckland, New Zealand

来源：

JOURNAL OF INTERNATIONAL ACCOUNTING RESEARCH | 2020年 / 19卷 / 02期

关键词：

short selling; earnings management; international; shareholder protection; ACTIVITIES MANIPULATION; SHORT SELLERS; PROPENSITY SCORE; PRICE DISCOVERY; SHORT-SALES; PERFORMANCE; QUALITY; CONSTRAINTS; EFFICIENCY; TESTS;

D O I：

10.2308/jiar-19-042

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the effect of a short-selling threat on managers' earnings management choices in an international setting. Using data from 22 countries between 2003 and 2015, we find that a short-selling threat constrains real earnings management, and this effect is mainly driven by firms operating in countries with weak shareholder protection. Furthermore, we also reveal that the monitoring effect of short selling is more pronounced in countries where short selling is not only legal, but also feasible.

引用

页码：117 / 140

页数：24

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