High-speed rail network and earnings management techniques usage trade-off: the moderating effects of governance and religion

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE Managerial Auditing Journal Pub Date : 2023-11-23 DOI:10.1108/maj-01-2023-3799
Bin Li, Zhao Qizi, Yasir Shahab, Xun Wu, Collins G. Ntim
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Abstract

Purpose This study aims to investigate the impact of the development of high-speed rail (HSR) network on earnings management, especially on the trade-off between the usage of accruals-based earnings management (AM) and real earnings management (RM) techniques, and consequently, examines the extent to which the HSR network–earnings management nexus is moderated by governance and religion factors. Design/methodology/approach Using a sample of Chinese A-listed firms over an 11-year period, this study uses regression techniques as the baseline methodology while controlling for industry and year-fixed effects. The authors also use endogeneity tests (including instrumental variable method, Generalized Methods of Moments estimation and difference-in-difference) and different robustness checks. Findings The key findings are threefold. First, the HSR network development reduces AM. This suggests that the presence of HSR network is effective in reducing information asymmetry. Second, the use of RM technique increases with the HSR network development. This indicates that managers do not seem to engage in less earnings management with the HSR network development but instead appear to switch from the easy-to-detect AM to the more costly RM approach. Finally, the HSR network and earnings management nexus is moderated by governance and religion factors. Originality/value This study provides new evidence on the trade-off between AM and RM by managers and pioneers in examining the impacts of governance and religion factors on the relationship between the HSR network and the trade-off of earnings management techniques.
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高铁网络与收益管理技术的使用权衡:治理与宗教的调节作用
目的 本研究旨在探讨高铁网络的发展对收益管理的影响,尤其是对权责发生制收益管理(AM)和真实收益管理(RM)技术使用之间的权衡,并进而探讨高铁网络与收益管理之间的关系在多大程度上受到治理和宗教因素的调节。 设计/方法/途径 本研究以 11 年间中国 A 股上市公司为样本,使用回归技术作为基线方法,同时控制行业和年份固定效应。作者还使用了内生性检验(包括工具变量法、广义矩估计法和差分法)和不同的稳健性检验。 研究结果 主要研究结果有三个方面。首先,高铁网络的发展减少了 AM。这表明高铁网络的存在能有效减少信息不对称。其次,RM 技术的使用随着高铁网络的发展而增加。这表明,随着高铁网络的发展,管理者似乎并没有减少收益管理,而是从易于发现的 AM 转向了成本更高的 RM 方法。最后,高铁网络与收益管理之间的关系受到治理和宗教因素的调节。 独创性/价值 本研究为管理者权衡 AM 和 RM 提供了新的证据,并开创性地研究了治理和宗教因素对高铁网络与收益管理技术权衡关系的影响。
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
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