THE CONTROLLING SHAREHOLDERS BEHAVIOR AND FINANCIAL REPORTING TRANSPARENCY: EVIDENCE FROM INDUSTRIAL LISTED COMPANIES IN CHINA
We investigate the impact of controlling shareholders behavior on financial reporting transparency of Chinese industrial listed firms. Based on a total of 1702 samples obtained from Chinese industrial listed firms over the three-year period between 2004 and 2006, we comprehensively measure financial reporting transparency. The empirical results indicate that the tunneling activity significantly decreases the financial reporting transparency, and the propping activity significantly increases the financial reporting transparency. We also find that the check-and-balance ability of the second to the fifth largest shareholders and supervision environment significantly increase the financial reporting transparency. The industrial listed firms in provinces with weak investor protection tend to provide more transparent financial reports.
ultimate controlling shareholder controlling owners behavior financial reporting transparency
Zhonghai Yang Xinhai Li
Accounting School, Harbin University of Commerce, Harbin 150028, China
国际会议
The Tneth International Conference on Industrial Management(第十届工业管理国际会议 ICIM 2010)
北京
英文
494-499
2010-09-16（万方平台首次上网日期，不代表论文的发表时间）