The impact of anti-corruption measures and risk effects on equity incentives and financial misreporting in China

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dc.contributor.authorSu, Zili
dc.contributor.authorAlexiou, Constantinos
dc.date.accessioned2022-01-12T11:04:13Z
dc.date.available2022-01-12T11:04:13Z
dc.date.issued2021-12-30
dc.description.abstractThis study examines the effects of anti-corruption and equity incentive risk on financial misreporting in the context of China’s unique corporate ownership structure and governance regime. Using a sample comprising 2,708 cases of financial restatement over the 2007–2017 period. Our key findings suggest that managers’ shareholdings are significantly and positively associated with their firms’ financial misreporting, and certain equity risk factors dramatically alter Chinese corporate governance. Furthermore, managers’ motivation to misreport is significantly more pronounced in non–state owned enterprises (non-SOEs), suggesting that equity incentive risk effects mitigate the “absence of ownership” problem believed to affect SOEs. Managers in highly competitive industries and firms with low institutional ownership are found to be highly motivated to misreport performance.en_UK
dc.identifier.citationSu Z, Alexiou C. (2022) The impact of anti-corruption measures and risk effects on equity incentives and financial misreporting in China, China Journal of Accounting Research, Volume 15, Issue 1, March 2022, Article number 100218en_UK
dc.identifier.issn1755-3091
dc.identifier.urihttps://doi.org/10.1016/j.cjar.2021.100218
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/17399
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectEquity incentivesen_UK
dc.subjectAnti-corruptionen_UK
dc.subjectSOEsen_UK
dc.subjectNon-SOEsen_UK
dc.subjectFinancial misreportingen_UK
dc.subjectRisk effectsen_UK
dc.titleThe impact of anti-corruption measures and risk effects on equity incentives and financial misreporting in Chinaen_UK
dc.typeArticleen_UK

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