Dai, Yunhao; Kong, Dongmin; Wang, Li - In: China journal of accounting research : CJAR 6 (2013) 3, pp. 187-209
This paper investigates how information asymmetry and mutual fund ownership affect listed companies' earnings management. We show that (1) reducing information asymmetry improves firms’ earnings management behavior; (2) relative to short-term mutual funds, long-term mutual funds promote...
