Quality of reported earnings by Chinese firms: The influence of ownership structure |
Abstract:
This paper examines the influence of ownership structure on earnings quality of firms listed on the Chinese Stock Exchanges. We empirically test four contemporary earnings quality measures, including volatility of earnings, variability of earnings over cash flows, correlations between accruals and cash flows, and level of discretionary accruals, for 1438 firms listed on Shenzhen Stock Exchange and Shanghai Stock Exchange.We find that although state-owned firms are bigger in size and appear more profitable based on reported earnings; privately-owned firms, foreign-owned firms and society-owned firms outperform the state-controlled firms in earnings quality; and foreign-owned firms have the highest earnings quality among all types of ownership groups.We find that there is not much difference in earnings quality between collectively-owned firms and state-owned firms and employee-owned firms exercise least discretion in earnings management. The findings in particular will have direct policy implications for the China Securities Regulatory Committee (CSRC |
| Keywords: |
Earnings quality Chinese firms Ownership structure |
| Author(s): |
Wei Xu , Kun Wang , Asokan Anandarajan |
| Source: |
Advances in Accounting, incorporating Advances in International Accounting 28 (2012) 193–199 |
| Subject: |
مدیریت مالی |
| Category: |
مقاله مجله |
| Release Date: |
2012 |
| No of Pages: |
7 |
| Price(Tomans): |
0 |
|
بر اساس شرایط و ضوابط ارسال مقاله در سایت مدیر، این مطلب توسط یکی از نویسندگان ارسال گردیده است. در صورت مشاهده هرگونه تخلف، با تکمیل فرم گزارش تخلف حقوق مؤلفین مراتب را جهت پیگیری اطلاع دهید.
|
|
|