Earnings quality and crash risk in China: an integrated analysis
Purpose The authors provide a comprehensive empirical examination on the impact of earnings quality on stock price crash risk in China. Design/methodology/approach The authors acknowledge and distinguish two-dimensional proxies for...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | https://www.emerald.com/insight/content/doi/10.1108/JABES-02-2020-0012/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115442 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154422023-03-08T03:56:10Z Earnings quality and crash risk in China: an integrated analysis Wongchoti, Udomsak Tian, Ge Hao, Wei Ding, Yi Zhou, Hongfeng Purpose The authors provide a comprehensive empirical examination on the impact of earnings quality on stock price crash risk in China. Design/methodology/approach The authors acknowledge and distinguish two-dimensional proxies for earnings quality – accounting-based (earnings management degree) and market-based (earnings transparency) known in accounting and finance literature. Findings The authors find that both generally indicate that better earnings quality is associated with less crashes. However, extremely high earnings transparency interacted with insider trading profit can also actually exacerbate stock price crashes. Originality/value This study is the first to highlight the pertinence of accounting-based measures to proxy for earnings quality in a fast-growing emerging market environment such as China. 2023-03-08T03:56:10Z 2023-03-08T03:56:10Z 2020 Article 2515-964X https://www.emerald.com/insight/content/doi/10.1108/JABES-02-2020-0012/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115442 10.1108/JABES-02-2020-0012 en Journal of Asian Business and Economic Studies, Volume 28, Issue 1; p. 2-19 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
Purpose The authors provide a comprehensive empirical examination on the impact of earnings quality on stock price crash risk in China. Design/methodology/approach The authors acknowledge and distinguish two-dimensional proxies for earnings quality – accounting-based (earnings management degree) and market-based (earnings transparency) known in accounting and finance literature. Findings The authors find that both generally indicate that better earnings quality is associated with less crashes. However, extremely high earnings transparency interacted with insider trading profit can also actually exacerbate stock price crashes. Originality/value This study is the first to highlight the pertinence of accounting-based measures to proxy for earnings quality in a fast-growing emerging market environment such as China. |
| format |
Article |
| author |
Wongchoti, Udomsak Tian, Ge Hao, Wei Ding, Yi Zhou, Hongfeng |
| spellingShingle |
Wongchoti, Udomsak Tian, Ge Hao, Wei Ding, Yi Zhou, Hongfeng Earnings quality and crash risk in China: an integrated analysis |
| author_facet |
Wongchoti, Udomsak Tian, Ge Hao, Wei Ding, Yi Zhou, Hongfeng |
| author_sort |
Wongchoti, Udomsak |
| title |
Earnings quality and crash risk in China: an integrated analysis |
| title_short |
Earnings quality and crash risk in China: an integrated analysis |
| title_full |
Earnings quality and crash risk in China: an integrated analysis |
| title_fullStr |
Earnings quality and crash risk in China: an integrated analysis |
| title_full_unstemmed |
Earnings quality and crash risk in China: an integrated analysis |
| title_sort |
earnings quality and crash risk in china: an integrated analysis |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
https://www.emerald.com/insight/content/doi/10.1108/JABES-02-2020-0012/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115442 |
| _version_ |
1765278020318265344 |