The impact of XBRL on real earnings management: unexpected consequences of the XBRL implementation in China

被引：10
|
作者：
Chen, Songsheng [1 ]
Guo, Jun [2 ]
Liu, Qingqing [3 ]
Tong, Xiaoxiao [4 ]
机构：
[1] Beijing Inst Technol, Sch Management & Econ, 5 South Zhongguancun St, Beijing 100081, Peoples R China
[2] Rutgers State Univ, Camden, NJ 08102 USA
[3] Beijing Technol & Business Univ, Business Sch, Beijing 100048, Peoples R China
[4] Founder Secur CO Ltd, Beijing 100037, Peoples R China
来源：
REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING | 2021年 / 56卷 / 02期
基金：
中国国家自然科学基金;
关键词：
XBRL; Real earnings management; Technology; Risk aversion; EQUITY CAPITAL EVIDENCE; EMPIRICAL-EVIDENCE; MULTITASK THEORY; ADOPTION; ACCRUALS; COST; IMPROVE; QUALITY;
D O I：
10.1007/s11156-020-00900-1
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we investigate whether there is a change of real earnings management for firms facing pressures of the new technology implementation of eXtensible Business Reporting Language (XBRL). We find that real earnings management increases after the implementation of XBRL in China, especially under the dual regulation of XBRL policies from two regulators (China Securities Regulation Committee and Ministry of Finance). Given the long term detrimental effect of real earnings management on firm value, this could be unexpected consequences of XBRL technology in emerging market. Furthermore, state-owned enterprises and non-state-owned enterprises behave differently under the dual regulation of XBRL policies.
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页码：479 / 504
页数：26
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