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.

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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  -