Mutual funds' holdings and listed firms' earnings management: Evidence from China

被引：9

作者：

Chi, Jing ^{[1
]}

Yang, Jingjing ^{[2
]}

Young, Martin ^{[1
,3
]}

机构：

[1] Massey Univ, Sch Econ & Finance, Manawatu Campus,Private Bag 11 222, Palmerston North 4442, New Zealand

[2] Jiangxi Normal Univ, Int Ctr Financial Res, Nanchang 330022, Jiangxi, Peoples R China

[3] Xiamen Univ, Xiamen, Peoples R China

来源：

JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT | 2014年 / 28卷

关键词：

Mutual funds; Earnings management; China;

D O I：

10.1016/j.mulfin.2014.10.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the impact of long-term and short-term mutual funds' ownership on various types of earnings management in China. We find that both long-term and short-term funds' holdings can lead to reduced non-core income. However, longterm mutual funds' holdings have an insignificant impact on accrual items, while short-term funds' holdings encourage an increase in accruals. The positive influence of short-term funds' holdings on accruals is much stronger than their negative impact on non-core income. Finally, we find the impact of mutual funds' holdings on earnings management is much stronger in non-state-controlled listed firms than that in state-controlled ones. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：62 / 78

页数：17

共 50 条

[21] An appraisal of financially distressed companies' earnings management Evidence from listed companies in China
Chen, Yenpao
Chen, Chien-Hsun
Huang, Shiau-Lan
PACIFIC ACCOUNTING REVIEW, 2010, 22 (01) : 22 - +
[22] Ownership Concentration, Equity Restriction and Earnings Management - Evidence from China Listed Companies
Meng Fanyu
PROCEEDINGS OF THE FOURTH INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT, BK ONE & TWO, 2017, : 1042 - 1047
[23] Earnings Management of Chinese Listed Firms: Discretionary Accruals and Earnings Benchmarks
Que, Ying
Secord, Peter
EDUCATION AND MANAGEMENT, 2011, 210 : 1 - +
[24] Risk-Adjusted Performance of Mutual Funds: Evidence from China
Gang, Jianhua
Qian, Zongxin
EMERGING MARKETS FINANCE AND TRADE, 2016, 52 (09) : 2056 - 2068
[25] Gender diversity on corporate boards and earnings management: Evidence for European Union listed firms
Alves, Sandra
COGENT BUSINESS & MANAGEMENT, 2023, 10 (01):
[26] Do mutual funds lose talent to hedge funds? Evidence from China
Hong, Xin
Kang, Di
Wang, Zhibin
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2021, 75 : 679 - 689
[27] Can corporate governance mechanisms deter earnings management? Evidence from firms listed on the Nigerian Stock Exchange
Lawal, Adedoyin Isola
Nwanji, Tony, I
Opeyemi, Hey Olubukoye
Adama, Ibrahim Joseph
AESTIMATIO-THE IEB INTERNATIONAL JOURNAL OF FINANCE, 2018, (17): : 220 - 233
[28] Earnings management and corporate governance related to mandatory IFRS adoption: evidence from French-listed firms
Garrouch, Hela
Hadriche, Manel
Omri, Abdelwehed
INTERNATIONAL JOURNAL OF MANAGERIAL AND FINANCIAL ACCOUNTING, 2014, 6 (04) : 322 - 340
[29] Earnings management in municipal firms: evidence from Portugal
Coelho, Luis Serra
JOURNAL OF PUBLIC BUDGETING ACCOUNTING & FINANCIAL MANAGEMENT, 2022, 34 (04) : 512 - 533
[30] The impact of earnings management on the extent of disclosure and true financial performance: Evidence from listed firms in Hong Kong
Bazrafshan, Ebrahim
Kandelousi, Amene S.
Hooy, Chee-Wooi
BRITISH ACCOUNTING REVIEW, 2016, 48 (02) : 206 - 219

← 1 2 3 4 5 →