Ultimate Control Rights and Corporate Fraud: Evidence from China

被引：5
|
作者：
Wang, Min [1 ]
He, Jie [1 ]
Xu, Peng [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Sch Business, Chengdu, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2022年 / 58卷 / 04期
基金：
中国国家自然科学基金;
关键词：
Corporate fraud; ultimate control rights; Shapley-Shubik Power Index; OWNERSHIP STRUCTURE; GOVERNANCE; POWER;
D O I：
10.1080/1540496X.2020.1845647
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study uses the Shapley-Shubik Power Index to measure the ultimate control rights of companies listed on China's main board market and empirically tests the effect of ultimate control rights on corporate fraud. We confirm that ultimate control rights have a significant restraining effect on corporate fraud. Specifically, the greater the ultimate control rights, the lower the probability of fraud and the fewer the number of frauds. Furthermore, we find that under different fraud subjects, fraud types, and fraud severity, this restraining effect still exists. In addition, we also find the ultimate control rights are negatively associated with fraud propensity, and are positively associated with fraud detection.
引用
收藏
页码：1206 / 1213
页数：8
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