دانلود مقاله ISI انگلیسی شماره 80208
ترجمه فارسی عنوان مقاله

بررسی مجدد اثر ساختار مالکیت بر گزارشگری مالی: شواهدی از وعده های به اشتراک گذاری شده در چین

عنوان انگلیسی
Re-examination of the effect of ownership structure on financial reporting: Evidence from share pledges in China
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80208 2016 16 صفحه PDF
منبع

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

Journal : China Journal of Accounting Research, Volume 9, Issue 2, June 2016, Pages 137–152

ترجمه کلمات کلیدی
تمرکز مالکیت؛ وعده ها برای اشتراک گذاری - هموارسازی سود؛ اصلاحات سهم تقسیم
کلمات کلیدی انگلیسی
Ownership concentration; Share pledges; Earnings smoothing; Split share reform
پیش نمایش مقاله
پیش نمایش مقاله  بررسی مجدد اثر ساختار مالکیت بر گزارشگری مالی: شواهدی از وعده های به اشتراک گذاری شده در چین

چکیده انگلیسی

In this paper, we present evidence that firms with concentrated ownership manage earnings when their large shareholders have an incentive to do so. The large shareholders of Chinese public firms often pledge their shares for loans. Before the split share reform in 2006, loan terms were based on the book value of the firm. Since then, the share price has become critical for share pledged loans. We postulate that the reform triggered large shareholders’ incentive to influence financial reports. Using a sample of non-state-owned enterprises, we test the effect of share pledges on earnings smoothing and how this effect changes after the reform. Our results suggest that share pledging firms smooth their earnings more than other firms, but these results are only found after the split share reform. Accordingly, our results provide more direct evidence on the effect of ownership concentration on financial reporting.