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- Publisher Website: 10.1111/j.1467-8683.2007.00556.x
- Scopus: eid_2-s2.0-33947268629
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Article: Private vs state ownership and earnings management: Evidence from Chinese listed companies
Title | Private vs state ownership and earnings management: Evidence from Chinese listed companies |
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Authors | |
Keywords | China Corporate Governance Earnings Management Ownership |
Issue Date | 2007 |
Publisher | Blackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/CORG |
Citation | Corporate Governance, 2007, v. 15 n. 2, p. 223-238 How to Cite? |
Abstract | In this study, we investigate the role played by a firm's ownership structure in earnings management, with reference to the Chinese capital market. We measure the impacts of both ownership concentration and different ownership types, specifically the difference between the state as blockholder and private blockholders. Analysing 273 privately-owned and state-owned Chinese companies listed in 2002, we establish a link between ownership structure and firms' earnings management practices. Our results show that the relationship between earnings management measures and ownership concentration exhibits a statistically significant non-linear, inverted U-shape pattern known as the "entrenchment versus alignment" effect. It is clear that privately-owned listed companies tend to maximise their accounting earnings more. However, the entrenchment effect of ownership concentration on earnings management is weaker in privately-owned listed firms than in state-owned listed firms. Our study also confirms that when a firm manages its earnings, it tends to do so through both operating-related accrual mechanisms and non-operating transactions with related parties. © 2007 The Authors. |
Persistent Identifier | http://hdl.handle.net/10722/177742 |
ISSN | 2023 Impact Factor: 4.6 2023 SCImago Journal Rankings: 1.456 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Ding, Y | en_US |
dc.contributor.author | Zhang, H | en_US |
dc.contributor.author | Zhang, J | en_US |
dc.date.accessioned | 2012-12-19T09:39:46Z | - |
dc.date.available | 2012-12-19T09:39:46Z | - |
dc.date.issued | 2007 | en_US |
dc.identifier.citation | Corporate Governance, 2007, v. 15 n. 2, p. 223-238 | en_US |
dc.identifier.issn | 0964-8410 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177742 | - |
dc.description.abstract | In this study, we investigate the role played by a firm's ownership structure in earnings management, with reference to the Chinese capital market. We measure the impacts of both ownership concentration and different ownership types, specifically the difference between the state as blockholder and private blockholders. Analysing 273 privately-owned and state-owned Chinese companies listed in 2002, we establish a link between ownership structure and firms' earnings management practices. Our results show that the relationship between earnings management measures and ownership concentration exhibits a statistically significant non-linear, inverted U-shape pattern known as the "entrenchment versus alignment" effect. It is clear that privately-owned listed companies tend to maximise their accounting earnings more. However, the entrenchment effect of ownership concentration on earnings management is weaker in privately-owned listed firms than in state-owned listed firms. Our study also confirms that when a firm manages its earnings, it tends to do so through both operating-related accrual mechanisms and non-operating transactions with related parties. © 2007 The Authors. | en_US |
dc.language | eng | en_US |
dc.publisher | Blackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/CORG | en_US |
dc.relation.ispartof | Corporate Governance | en_US |
dc.subject | China | en_US |
dc.subject | Corporate Governance | en_US |
dc.subject | Earnings Management | en_US |
dc.subject | Ownership | en_US |
dc.title | Private vs state ownership and earnings management: Evidence from Chinese listed companies | en_US |
dc.type | Article | en_US |
dc.identifier.email | Zhang, J: jjzhang@econ.hku.hk | en_US |
dc.identifier.authority | Zhang, J=rp01124 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1111/j.1467-8683.2007.00556.x | en_US |
dc.identifier.scopus | eid_2-s2.0-33947268629 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-33947268629&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 15 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 223 | en_US |
dc.identifier.epage | 238 | en_US |
dc.identifier.isi | WOS:000244942000010 | - |
dc.publisher.place | United Kingdom | en_US |
dc.identifier.scopusauthorid | Ding, Y=7404136394 | en_US |
dc.identifier.scopusauthorid | Zhang, H=53873458900 | en_US |
dc.identifier.scopusauthorid | Zhang, J=55367373100 | en_US |
dc.identifier.citeulike | 1168928 | - |
dc.identifier.issnl | 0964-8410 | - |