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Financial crisis and real earnings management in family firms: A comparison between China and the United States

Li Li Eng, Hanqing Fang, Xi Tian, T. Robert Yu and Hongxian Zhang

Journal of International Financial Markets, Institutions and Money, 2019, vol. 59, issue C, 184-201

Abstract: This paper compares real earnings management (REM) between Chinese family firms and U.S. family firms after the financial crisis of 2008. For the U.S. sample, there is greater REM in family firms than non-family firms, and in the post-financial crisis period than the pre-financial crisis period. For the Chinese sample, there is greater REM in family firms than non-family firms, but REM is lower in Chinese family firms relative to non-family firms in the post-financial crisis period than the pre-financial crisis period. These findings indicate that REM activities differ between U.S. and Chinese family firms in crisis and non-crisis periods.

Keywords: 2008 financial crisis; Family business; Real earnings management; China; United States (search for similar items in EconPapers)
JEL-codes: F30 G15 M21 M41 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:59:y:2019:i:c:p:184-201

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