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The Agency Problem and the Moderating Role of Culturally-Based Management Style on Chinese Managers’ Discretionary Accruals

Beaudoin, Cathy; Dang, Li; Fang, Qiaoling; Tsakumis, … - 2011

-based management style (Eastern versus Western) plays in mitigating their propensity to manage earnings. We find that Chinese managers …’s culturally-based management style moderates the impact of the agency problem in that Chinese managers’ willingness to manage … employee behavior differently than a Chinese executive’s managerial style. Utilizing an experiment with Chinese managers as …

Persistent link: https://www.econbiz.de/10014186345

Earnings Announcements in China : Overnight-Intraday Disparity

Liu, Junhao; Hope, Ole-Kristian; Hu, Danqi - 2023

Based on a unique arrangement of trading and disclosure times around earnings announcements in the Chinese stock market, we provide evidence of a striking overnight-intraday disparity in terms of the reaction to earnings news. Specifically, we find that the overnight period exhibits a strong and...

Persistent link: https://www.econbiz.de/10014348722

Estimating the Extent of Propping in China and How It Is Affected by the Controlling Shareholder's Capture of Directors and Executives

Williams, Maggie - 2013

Persistent link: https://www.econbiz.de/10013088699

The role of governance and bank funding in the determination of cornerstone allocations in Chinese equity offers

McGuinness, Paul B. - In: Journal of risk and financial management : JRFM 12 (2019) 3/114, pp. 1-20

offerings in China's offshore Hong Kong market. Prospectus-based declarations on such allocations suggest that CI undertakings …

Persistent link: https://www.econbiz.de/10012025302

Impact of CEO Power on Investment Efficiency : Evidence from China

Majeed, Muhammad Ansar; Ullah, Irfan - 2022

This study explores the effect of CEO power in shaping corporate investment decisions. Exploiting a unique Chinese setting, we document a negative association between CEO power and investment efficiency. However, financial constraints improve investment decisions by powerful CEOs. Moreover, the...

Persistent link: https://www.econbiz.de/10013405749