{"title":"通过销售操纵和企业绩效的真实盈余管理:来自中国的证据","authors":"Jahidur Rahman, Ni Xiong","doi":"10.2139/ssrn.3851575","DOIUrl":null,"url":null,"abstract":"The purpose of this study is to reveal the relationship between real earnings management through sales manipulation and firm performance in Chinese A-listed companies. We analyze abnormal operating cash flows to identify real earnings management through sales manipulation. Fixed-effect panel data from 1998 to 2016 are used for the regressions. The results indicate that ROA has a significant negative relationship with real earnings management through sales manipulation. However, ROE does not have a significant relationship with sales manipulation because of the Chinese Securities Regulatory Commission’s (CSRC) threshold regulation. This study reveals the relationship between REM and ROA and ROE in Chinese A-listed firms, and creates a good reference for future studies. China is the largest developing country, and its stock market attracts investors from around the world.","PeriodicalId":153840,"journal":{"name":"Emerging Markets: Finance eJournal","volume":"51 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Real Earnings Management Through Sales Manipulation and Firm Performance: Evidence from China\",\"authors\":\"Jahidur Rahman, Ni Xiong\",\"doi\":\"10.2139/ssrn.3851575\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The purpose of this study is to reveal the relationship between real earnings management through sales manipulation and firm performance in Chinese A-listed companies. We analyze abnormal operating cash flows to identify real earnings management through sales manipulation. Fixed-effect panel data from 1998 to 2016 are used for the regressions. The results indicate that ROA has a significant negative relationship with real earnings management through sales manipulation. However, ROE does not have a significant relationship with sales manipulation because of the Chinese Securities Regulatory Commission’s (CSRC) threshold regulation. This study reveals the relationship between REM and ROA and ROE in Chinese A-listed firms, and creates a good reference for future studies. China is the largest developing country, and its stock market attracts investors from around the world.\",\"PeriodicalId\":153840,\"journal\":{\"name\":\"Emerging Markets: Finance eJournal\",\"volume\":\"51 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-05-23\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Emerging Markets: Finance eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3851575\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Emerging Markets: Finance eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3851575","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Real Earnings Management Through Sales Manipulation and Firm Performance: Evidence from China
The purpose of this study is to reveal the relationship between real earnings management through sales manipulation and firm performance in Chinese A-listed companies. We analyze abnormal operating cash flows to identify real earnings management through sales manipulation. Fixed-effect panel data from 1998 to 2016 are used for the regressions. The results indicate that ROA has a significant negative relationship with real earnings management through sales manipulation. However, ROE does not have a significant relationship with sales manipulation because of the Chinese Securities Regulatory Commission’s (CSRC) threshold regulation. This study reveals the relationship between REM and ROA and ROE in Chinese A-listed firms, and creates a good reference for future studies. China is the largest developing country, and its stock market attracts investors from around the world.
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