时 间:2018年12月7日(周五)下午14:00
地 点:思源楼324室
主持人:陈超 教授
演讲者:Yong Yu (University of Texas at Austin)
简 历:Dr. Yong Yu (余泳), Professor of Accounting, University of Texas at Austin. Professor Yu has published papers at The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting, Auditing, and Finance. He is an editorial board member of The Accounting Review.
主 题:Common institutional ownership and earnings management
简 介:This study examines the relation between earnings management and block ownership of same industry firms by a common set of institutional owners (common institutional ownership). We find that higher common institutional ownership is associated with less earnings management. We further show that this relation is more pronounced among firms with earnings reflecting more industry-level information and firms whose common institutional owners blockhold more same-industry firms. Additional analysis of an exogenous increase in common institutional ownership stemming from financial institution mergers yields evidence that common institutional ownership leads to less earnings management. Overall, our results are consistent with common institutional ownership having a disciplining effect on firms’ financial reporting by enhancing institutions’ monitoring efficiency.
会计学系
2018-12-3
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