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《Management Review》 2009-07
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Empirical Study on Earning Quality in Corporate Control Transferring

Zeng Zhaozao1and Li Shanmin2 (1.School of Finance and Economics,Guangdong University of Foreign Studies,Guangzhou 510420; 2.School of Business,Sun Yat-sen University,Guangzhou 510275)  
Accounting information with high quality take a part of protecting the investors. While insiders may manipulate accounting information of the firm in the processes of corporate control transfer and others assets restructuring, the quality of accounting information may be decreased. This study investigates the listed companies whose corporate control transferred in Chinese securities market from 2002 -2004. Discretionary accrual and earning response coefficients of sample companies are analyzed. The empirical results show that the earning quality of listed companies whose corporate control transferred is lower than that of their counterparts, and the insiders of these companies may have carried out earning management that result in lower quality of accounting information in the process of corporate control transfer.
【Fund】: 国家自然科学基金重点项目(705320034);; 广东省人文社科重点研究基地项目(08JDXM79008)
【CateGory Index】: F224;F275
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