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
相关论文
共 50 条
  • [31] Ultimate Ownership, Corporate Diversification, and Cash Dividends: Evidence from China
    Yang, Xingquan
    Li, Wencong
    Fu, Yumei
    EMERGING MARKETS FINANCE AND TRADE, 2021, 57 (13) : 3878 - 3890
  • [32] Alternative Governance and Corporate Financial Fraud in Transition Economies: Evidence From China
    Yiu, Daphne W.
    Wan, William P.
    Xu, Yuehua
    JOURNAL OF MANAGEMENT, 2019, 45 (07) : 2685 - 2720
  • [33] Can digital transformation prohibit corporate fraud? Empirical evidence from China
    Wang, Aiping
    Han, Rui
    APPLIED ECONOMICS LETTERS, 2024, 31 (16) : 1505 - 1512
  • [34] Can common institutional ownership deter corporate fraud? Evidence from China
    Sun, Dan
    APPLIED ECONOMICS LETTERS, 2024,
  • [35] CEO's poverty imprints and corporate financial fraud: Evidence from China
    Liu, Yang
    Zhang, Han
    Zhang, Fukang
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 81
  • [36] Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence from China
    Xingqiang Du
    Wei Jian
    Yingjie Du
    Wentao Feng
    Quan Zeng
    Journal of Business Ethics, 2014, 123 : 235 - 256
  • [37] Ultimate ownership, corporate social responsibility and firm value: evidence from China
    Su, Kun
    Fu, Senliulu
    Meng, Yuan
    Wan, Rui
    CHINESE MANAGEMENT STUDIES, 2025,
  • [38] Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence from China
    Du, Xingqiang
    Jian, Wei
    Du, Yingjie
    Feng, Wentao
    Zeng, Quan
    JOURNAL OF BUSINESS ETHICS, 2014, 123 (02) : 235 - 256
  • [39] Corporate Governance, Ultimate Owner, and Target Cash Holdings: Evidence From China
    Jebran, Khalil
    Chen, Shihua
    Tauni, Muhammad Zubair
    Ahmad, Hassan
    SAGE OPEN, 2019, 9 (04):
  • [40] Donate Money, but Whose? An Empirical Study of Ultimate Control Rights, Agency Problems, and Corporate Philanthropy in China
    Justin Tan
    Yuejun Tang
    Journal of Business Ethics, 2016, 134 : 593 - 610
12345