Local Political Corruption and Financial Reporting Conservatism

被引：0

作者：

Chang, Xin ^{[1
]}

Li, Shanmin ^{[2
,3
]}

Liu, Chun ^{[4
]}

Sun, Liang ^{[4
]}

Zhang, Wenrui ^{[5
]}

机构：

[1] Nanyang Technol Univ, Nanyang Business Sch, Div Banking & Finance, Singapore, Singapore

[2] Sun Yat Sen Univ, Sch Business, Guangzhou, Guangdong, Peoples R China

[3] Ctr Accounting Finance & Inst, Dept Finance & Investment, Guangzhou, Guangdong, Peoples R China

[4] Sun Yat Sen Univ, Int Sch Business & Finance, Dept Business Adm, Zhuhai, Guangdong, Peoples R China

[5] Colorado State Univ, Coll Business, Dept Finance & Real Estate, Ft Collins, CO USA

来源：

ACCOUNTING REVIEW | 2025年 / 100卷 / 02期

基金：

中国国家自然科学基金;

关键词：

political corruption; anticorruption campaign; accounting conservatism; political costs; financial reporting; corporate shielding strategy; EARNINGS MANAGEMENT; ASYMMETRIC TIMELINESS; CORPORATE; FIRMS; COMPETITION; GOVERNMENT; ACCRUALS;

D O I：

10.2308/TAR-2021-0061

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We document that firms in more politically corrupt regions of China adopt more conservative accounting. The relation between local political corruption and accounting conservatism weakens after China's anticorruption campaign launched in 2012 and in firms with a lower risk of expropriation by corrupt officials, stronger incentives to report earnings aggressively, or greater gains from corruption. Further analysis shows that accounting conservatism and alternative corporate strategies complement each other in shielding firms against corrupt officials' expropriation of corporate resources. Our study provides novel evidence about an accounting approach used by firms in response to perceived political costs.

引用

页码：45 / 70

页数：26

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