دانلود مقاله ISI انگلیسی شماره 50094
ترجمه فارسی عنوان مقاله

پخت کتاب: دستور العمل و هزینه صورتهای مالی جعلی در چین

عنوان انگلیسی
Cooking the books: Recipes and costs of falsified financial statements in China
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
50094 2011 20 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Corporate Finance, Volume 17, Issue 2, April 2011, Pages 371–390

ترجمه کلمات کلیدی
تقلب - ارائه مجدد مالی - توسعه منطقه ای - حاکمیت شرکتی - علل و عواقب ارائه مجدد
کلمات کلیدی انگلیسی
G14; K22; M41Fraud; Financial restatements; Regional development; Corporate governance; Causes and consequences of restatements
پیش نمایش مقاله
پیش نمایش مقاله  پخت کتاب: دستور العمل و هزینه صورتهای مالی جعلی در چین

چکیده انگلیسی

We examine the causes and consequences of falsified financial statements in China. Using bivariate probit regression analysis, we find that firms with high debt and that plan to make equity issues are more likely to manipulate their earnings and thus have to restate their financial reports in subsequent years. We also find that corporate governance structures have an effect on the occurrence and detection of financial fraud. There are significant negative consequences to fraudulent financial statements. Restating firms suffer negative abnormal stock returns, increases in their cost of capital, wider bid–ask spreads, a greater frequency of modified audit opinions, and greater CEO turnover. We also find that firms located in highly developed regions suffer more severe consequences when they manipulate their accounts.