大股东在商誉减值决策中的作用--来自中国的证据

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2023-12-22 DOI:10.1016/j.ememar.2023.101093

Hongwen Han , Jiali Jenna Tang , Qingquan Tang

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引用次数: 0

摘要

我们的论文研究了大股东如何管理商誉减值以夸大收益，以及审计职能在这种情况下的作用。大股东对公司决策的影响已被充分证明，但在商誉文献中却被忽视了。利用中国的数据，我们发现大股东持股比例越高，商誉减值记录的可能性越低，减值金额也越少，这表明商誉减值是大股东有意避免或减少的。我们进一步发现，四大审计师的存在会缓解这种关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The role of large shareholders in goodwill impairment decisions – Evidence from China

Our paper examines how large shareholders manage goodwill impairment to inflate earnings as well as the role of audit functions in this setting. The influence of large shareholders on corporate decisions is well documented, however, overlooked in goodwill literature. Using data from China, we find that a higher ownership percentage held by large shareholders associates with a lower likelihood of recording goodwill impairment as well as a reduced impairment amount, suggesting that goodwill impairment is intentionally avoided or decreased by large shareholders. We further find that the presence of big4 auditors mitigates such relationship.

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.