Macroeconomic control,political costs and earnings management:Evidence from Chinese listed real estate companies
Macroeconomic control,political costs and earnings management:Evidence from Chinese listed real estate companies作者机构:Institute of Accounting and FinanceDepartment of AccountingSchool of BusinessNanjing University
出 版 物:《China Journal of Accounting Research》 (中国会计学刊(英文版))
年 卷 期:2011年第4卷第3期
页 面:91-106页
学科分类:12[管理学] 02[经济学] 0202[经济学-应用经济学] 1202[管理学-工商管理] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020205[经济学-产业经济学] 020204[经济学-金融学(含∶保险学)]
基 金:supported by the National Social Science Foundation(08CJY2009) the National Nature Science Foundation of China(70732002 and 70602011)
主 题:Political costs Earnings management State-owned en
摘 要:Firms in China have faced high political costs during China s economic transition,because they are affected by macroeconomic ***,research to date has offered no consistent conclusions on the relationship between political costs and earnings management in *** study tests whether real estate firms attempt to decrease earnings during periods of macroeconomic control,using variables related to the national real estate market as proxies for political *** find that political costs are negatively related to earnings management in listed real estate *** addition,we find that non-state-owned enterprises utilized more income-decreasing accruals during this *** results are consistent with the political costs hypothesis.