Ownership Structure and Earnings Management:Evidence from Chinese Listed Firms

摘要：

This paper empirically investigates the relationship between corporate ownership structure and earnings management based on a sample of Chinese listed firms during the period 2003–2005. Earnings management is measured by income-increasing extraordinary items. The empirical results of this study indicate that there is a non-linear relationship between the largest shareholder`s ownership percentage and earnings management. With the increasing of the largest shareholder`s ownership percentage, the level of earnings management decreases while it increases after the largest shareholder`s ownership percentage reaches a certain level. The result may imply that there is an optimal amount of the largest shareholder`s ownership percentage, and that Chinese listed firms`s ownership should be concentrated appropriately in order to mitigate agency problem in public corporations.

关键词： ownership structure earnings management listed firms eztraordinary items

作者: Qin Li Wenyao Li

作者单位: School of Management,Wuhan Institute of Technology, Wuhan,430205,China School of Economics and Management,Wuhan University, Wuhan, 430072,China

会议类型: 国际会议

会议名称: The Ninth Wuhan International Conference on E-Business(第九届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 1500-1505

在线出版日期: 2010-05-29（万方平台首次上网日期，不代表论文的发表时间）