The influence of 'Bond Connect' on corporate real earnings management

Shihan Zhang

Finance Research Letters, 2025, vol. 77, issue C

Abstract: This study examines the impact of the initiation of the "Bond Connect" program on the level of real earnings management among China's A-share listed companies using data from 2013 to 2022. The results indicate that the launch of "Bond Connect" significantly reduces the extent of real earnings management practices among these firms. The influx of foreign investors through "Bond Connect" has increased international scrutiny of China's A-share listed companies, enhancing the quality of information disclosure and intensifying oversight of their real earnings management activities.

Keywords: Capital market liberalisation; Real earnings management; Bond pass-through (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325003289
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003289

DOI: 10.1016/j.frl.2025.107064

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().