Institutional investors holdings on earnings management market reaction intensity affect study

被引：0

作者：

Fei, Ding Fang ^{[1
]}

Su, Li ^{[1
]}

Ning, Hou Ning ^{[1
]}

机构：

[1] Hunan Univ, Coll Business Adm, Changsha 410082, Hunan, Peoples R China

来源：

2013 FIFTH INTERNATIONAL CONFERENCE ON MEASURING TECHNOLOGY AND MECHATRONICS AUTOMATION (ICMTMA 2013) | 2013年

关键词：

Institutional investors holding; Earnings management; Market reaction;

D O I：

10.1109/ICMTMA.2013.159

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

Individual investors are often difficult to recognize the earnings management behavior from accounting data. Institutional investors as investment experts, if they have the ability to recognize earning management and put it into the market price mechanism has become the focus of attention. We examined the relationship between the sample stocks' cumulative abnormal returns and earnings management. Finding a negative association between unexpected discretionary accruals and cumulative abnormal returns in the group of institutional holding higher. Show that institutional investors can identify the earnings management and put it into the market price mechanism.

引用

页码：639 / 642

页数：4