【专家讲座】博士生学术论坛(第二十期)
发布时间:2016-09-27 查看次数:

题:Employee cash profit sharing and Earnings Management

主讲人:西南财经大学金融学院张健教授

间:2016928日晚18:30-20:00

点:西南财经大学柳林校区通博楼D210教室

办:会计学院 科研处

主讲人简介:张健,现为西南财经大学金融学院副教授。于2013年从美国天普大学(Temple University)获得金融学博士学位。主要研究领域为empirical corporate finance, corporate governance, corporate fraud, and corporate social responsibility

论文摘要:

This paper examines the association between a firm’s cash profit sharing policy and the extent of earnings management. We find that firms with cash-profit sharing program adopt more earnings management, particularly in the form of income-decreasing earnings management. Those firms tend to cater to employees’ need to take a big bath to share more cash profit in the future. Further analysis shows that such effect is more evident when the firm is R&D intensive, when the firm belongs to a high-tech industry, and when the firm belongs to a competitive industry. Our findings are robust to a variety of model specifications and endogeneity problems.


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