Equity Pledge, Property Right Character and Real Earnings Management
Based on the Data of Textile Industry
- DOI
- 10.2991/assehr.k.211215.053How to use a DOI?
- Keywords
- Listed Company; Equity pledge; Real earnings management
- Abstract
In recent years, with the discovery of the capital market and the improvement of related systems, more and more listed companies have pledge of equity. However, the equity pledge is a double-edged sword.This article will take the listed companies in the textile industry with equity pledge in 2013-2017 as the research object. Through empirical research, it is found that compared with real earnings management, listed companies are more inclined to adopt real earnings management after equity pledge. After the equity pledge, the degree of real earnings management of state-owned companies has not increased significantly relative to private companies.
- Copyright
- © 2021 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Sunlei Yang AU - Xiaojun Tan AU - Shixin Zhao PY - 2021 DA - 2021/12/15 TI - Equity Pledge, Property Right Character and Real Earnings Management BT - Proceedings of the 7th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2021) PB - Atlantis Press SP - 291 EP - 295 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.211215.053 DO - 10.2991/assehr.k.211215.053 ID - Yang2021 ER -