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dc.contributor.authorYu, Qiaozh_CN
dc.contributor.authorDu, Binzh_CN
dc.contributor.authorSun, Qianzh_CN
dc.contributor.author孙谦zh_CN
dc.date.accessioned2015-07-22T03:08:05Z
dc.date.available2015-07-22T03:08:05Z
dc.date.issued2006-12zh_CN
dc.identifier.citationJOURNAL OF BANKING & FINANCE, 2006,30(12):3453-3468zh_CN
dc.identifier.otherWOS:000242737600016zh_CN
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/87637
dc.description.abstractBurgstahler and Dichev (BD) (Burgstahler, David, Ilia, Dichev, 1997. Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics 23(l), 99-126.) and Degorge, Patel, and Zeckhauser (DPZ) (Degeorge, Franscois, Patel, Jayendu, Zeckhauser, Richard, 1999. Earnings management to exceed thresholds. Journal of Business 72(1), 1-33.) examine earnings management among American firms by looking at actual distributions around critical thresholds. Chinese firms must meet minimal ROE requirements if they are to have rights issues. Using a distribution approach, we examine whether Chinese firms manipulate their earnings to meet the regulatory requirements. Our empirical findings indicate that Chinese firms indeed heavily engaged in earnings management to meet the rights issue thresholds during the period 1994-2002. In addition, we show that these firms changed their behavior in response to changes in regulatory requirements. Furthermore, we analyse the pervasiveness of this practice and the means used in earnings management at the relevant ROE thresholds. Our findings have direct policy implications for the China Securities Regulatory Committee (CSRC). (c) 2006 Elsevier B.V. All rights reserved.zh_CN
dc.language.isoen_USzh_CN
dc.publisherJ BANK FINANCzh_CN
dc.source.urihttp://dx.doi.org/10.1016/j.jbankfin.2006.01.011zh_CN
dc.subjectPERFORMANCEzh_CN
dc.titleEarnings management at rights issues thresholds - Evidence from Chinazh_CN
dc.typeArticlezh_CN


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