Eres : Digital Library : Works

Paper eres2010_171:
CHINESE LISTED PROPERTY COMPANIES ENGAGED IN EARNINGS MANAGEMENT?

id eres2010_171
authors Ke, Qiulin; Edelstein, Robert
year 2010
title CHINESE LISTED PROPERTY COMPANIES ENGAGED IN EARNINGS MANAGEMENT?
source 17th Annual European Real Estate Society Conference in Milan, Italy
summary Corporate earnings management may generate serious market impacts by misleading investors and causing the misallocation of resources. Our paper represents one of the first comprehensive analyses of earnings management for Chinese listed property companies. Using data from 2001-2008, we examine the earnings management activities of Chinese listed property companies. We investigate the incentives of companies to manage earnings and other real activities. We show that Chinese listed property companies are more likely to engage in earnings management in order to meet regulatory requirements for issuing new shares or avoiding de-listing. We also find ownership concentration facilitates earnings management. The existence of other large outside shareholders and independent directors reduces the likelihood of earnings management. Earnings management is more likely to occur in companies where the Chair and the CEO appear to be entrenched. Inventorying and current liabilities can be utilized to manage earnings to meet short-term financial targets.
keywords earning management, property company,
series ERES:conference
email qiulin.ke@ntu.ac.uk
more http://www.eres2010.org/index.asp?page=papers_download
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session Real Estate Finance (1)
last changed 2010/08/04 20:47
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