Top Management Compensation, Earnings Management and Default Risk: Insights from the Chinese Stock Market
學年 97
學期 1
出版（發表）日期 2009-01-01
作品名稱 Top Management Compensation, Earnings Management and Default Risk: Insights from the Chinese Stock Market
作品名稱（其他語言）
著者 Ting, Wei; Yen, Hsin-hui; Huang, Sheng-shih
單位 淡江大學會計學系
出版者 Hilo, HI: Institute for Business and Finance Research
著錄名稱、卷期、頁數 The International Journal of Business and Finance Research 3(1), pp.31-46
摘要 China has sustained a rapid rate of economic growth and absorbed a great deal of foreign investment over the past decades. However, the laws pertaining to business in China have not kept up with China’s market growth. For this reason, investors in the Chinese stock market must assess associated risks. We set out in this study to examine the relationships that exist between default risk, earnings management, and top management compensation of publicly-listed companies in the Chinese stock market, which is now considered the most important emerging market. The results reveal a greater likelihood of default amongst larger discretionary accruals and lower top management compensation. In addition to studying the relationships which exist in the full sample, we also divide the sample into two sub-groups, based upon the signs of discretionary accruals, to investigate the likelihood of default. We find higher default potential amongst firms only falling into the category of positive discretionary accruals.
關鍵字
語言 en
ISSN 1931-0269 2157-0698
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 紙本
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