主 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

时 间：2016年9月28日晚18:30-20:00

地 点：西南财经大学柳林校区通博楼D210教室

主 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.