Do bullet trains affect earnings management? Evidence from China

Bin Li, Wen Zheng and Chen Ma

Finance Research Letters, 2019, vol. 31, issue C

Abstract: This study focuses on the relationship between bullet trains and earnings management in geographically diverse companies in China by using a sample of Chinese listed companies from 2008 to 2015. The estimation results show that bullet trains assist in mitigating earnings management in the subsidiaries of geographically diverse companies. The evidence is robust to alternative discretionary accrual measures, alternative control variables definitions, and regression method changes.

Keywords: Bullet trains; Earnings management; Geographic diversification (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:31:y:2019:i:c:s1544612318302836

DOI: 10.1016/j.frl.2018.12.027

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