The Relationship of Ownership Property, State-owned vs Private enterprises and Earning smoothing
| Autor: | Ya-Hsin Chang, 張雅欣 |
|---|---|
| Rok vydání: | 2012 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 100 In this study, I investigate the role played by a firm’s ownership property in earnings smoothing. The sample of this research consists of firms listed in the Chinese Market. I measure the influence of both the large shareholders different ownership property, specifically the comparison between the state-owned shareholders and private shareholders. In the past few years, Chinese government ownership in the economy has stabilized, and a monitoring new body, the State Asset Supervision and Administration Commission (SASAC) has been established in 2003, hoping to promote the monitoring ability of state-owned enterprises. So, I discuss the effect of enterprises under the control of the SASAC and other government units for earnings smoothing. As Qualified Foreign Institutional Investors is introduced to China, the portions of foreign ownership in Chinese Market are increasing over time. Therefore, I also analyze the associations with foreign investors and the firm’s volatile earnings decreasing. The empirical results show that the large shareholders can really curb the behavior of the companies to manipulate earnings. Compared to private enterprises, state-owned enterprises are inclined to smooth earnings. Also, enterprises under the control of the SASAC compared with other state-owned enterprises do not tend to smooth earnings. On the part of the second largest shareholder property, it can be found that the enterprise which the largest and the second largest shareholder are the same attributes are less likely to engage in earnings smoothing. In addition, the study also found that the foreign institutional investors have positive significant associations with earnings smoothing. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|