Staff View: Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]

Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]

This study aimed to empirically analyse the relationship between information asymmetry and real earnings management in Chinese firms, while also investigating the moderating effect of institutional investors. The study employed a dataset consisting of 105 dual-class and 121 single-class Chinese comp...

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Main Authors:	Yang, Xiaoyu, Ong, Tze San, Mohd Nor, Normaziah, Soh, Wei Ni
Format:	Article
Language:	English
Published:	Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2024
Subjects:	Earnings management Information technology. Information systems
Online Access:	https://ir.uitm.edu.my/id/eprint/103382/1/103382.pdf https://ir.uitm.edu.my/id/eprint/103382/
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id	my.uitm.ir.103382
record_format	eprints
spelling	my.uitm.ir.1033822024-09-30T04:38:15Z https://ir.uitm.edu.my/id/eprint/103382/ Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.] mar Yang, Xiaoyu Ong, Tze San Mohd Nor, Normaziah Soh, Wei Ni Earnings management Information technology. Information systems This study aimed to empirically analyse the relationship between information asymmetry and real earnings management in Chinese firms, while also investigating the moderating effect of institutional investors. The study employed a dataset consisting of 105 dual-class and 121 single-class Chinese companies that were listed in the United States from 2017 to 2021. The study utilised panel data and employed a fixed effects model. The study depicted a positive connection between information asymmetry and real earnings management. This correlation remained present in dual-class companies but lacked statistical significance in single-class companies. The results suggested that institutional investors mitigated the influence of information asymmetry on real earnings manipulation. This moderating effect was especially significant in dual-class structures but not in single-class structures. The findings indicated that management should prioritise enhancing information transparency to mitigate the risks linked to real earnings management. The results also suggested that involving institutional investors effectively decreased the risk of earnings manipulation. Furthermore, the study provided important evidence of Chinese companies' real earnings management behaviour, allowing stakeholders to make informed decisions. Furthermore, this study provided new empirical insights that may be useful for emerging economies, including China, as they consider the adoption of dual-class share structures. Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2024-08 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/103382/1/103382.pdf Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]. (2024) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29/>, 23 (2): 13. pp. 293-320. ISSN 2550-1895
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Earnings management Information technology. Information systems
spellingShingle	Earnings management Information technology. Information systems Yang, Xiaoyu Ong, Tze San Mohd Nor, Normaziah Soh, Wei Ni Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
description	This study aimed to empirically analyse the relationship between information asymmetry and real earnings management in Chinese firms, while also investigating the moderating effect of institutional investors. The study employed a dataset consisting of 105 dual-class and 121 single-class Chinese companies that were listed in the United States from 2017 to 2021. The study utilised panel data and employed a fixed effects model. The study depicted a positive connection between information asymmetry and real earnings management. This correlation remained present in dual-class companies but lacked statistical significance in single-class companies. The results suggested that institutional investors mitigated the influence of information asymmetry on real earnings manipulation. This moderating effect was especially significant in dual-class structures but not in single-class structures. The findings indicated that management should prioritise enhancing information transparency to mitigate the risks linked to real earnings management. The results also suggested that involving institutional investors effectively decreased the risk of earnings manipulation. Furthermore, the study provided important evidence of Chinese companies' real earnings management behaviour, allowing stakeholders to make informed decisions. Furthermore, this study provided new empirical insights that may be useful for emerging economies, including China, as they consider the adoption of dual-class share structures.
format	Article
author	Yang, Xiaoyu Ong, Tze San Mohd Nor, Normaziah Soh, Wei Ni
author_facet	Yang, Xiaoyu Ong, Tze San Mohd Nor, Normaziah Soh, Wei Ni
author_sort	Yang, Xiaoyu
title	Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
title_short	Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
title_full	Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
title_fullStr	Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
title_full_unstemmed	Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]
title_sort	institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class chinese us-listed firms / yang xiaoyu ... [et al.]
publisher	Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam
publishDate	2024
url	https://ir.uitm.edu.my/id/eprint/103382/1/103382.pdf https://ir.uitm.edu.my/id/eprint/103382/
_version_	1811598359663738880
score	13.211869

Institutional investors’ intervention in information asymmetry and real earnings management within dual-class and single-class Chinese US-listed firms / Yang Xiaoyu ... [et al.]

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