The impact of cross-listing on earnings management and its economic consequence: evidence from China

被引：9

作者：

Jia, Qiaoyu ^{[1
]}

Zhou, Jia'Nan ^{[1
]}

机构：

[1] Southwest Jiaotong Univ, Sch Econ & Management, Chengdu 610031, Peoples R China

来源：

ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | 2022年 / 29卷 / 02期

基金：

中国国家自然科学基金;

关键词：

Cross-listing; accrual-based earnings management (AEM); real earnings management (REM); bonding hypothesis; path analysis; REAL ACTIVITIES; COST; FINANCE; FUTURE; CHOICE;

D O I：

10.1080/16081625.2019.1600414

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study empirically examines the effect of cross-listing on earnings management and its economic consequences using A + H cross-listed company data from China. Considering both accrual-based earnings management (AEM) and real earnings management (REM) and modifying reported performance to obtain true performance, we use path analysis to find that cross-listing can reduce AEM, thereby damaging firm performance, and can reduce REM, thereby benefiting firm performance. We further examine the mechanism of benefit of earnings management. The results reveal that AEM can maintain debt contract efficiency and REM plays a role in signaling better performance.

引用

页码：502 / 522

页数：21

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