人力资本披露和机构所有权

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-05 DOI:10.1016/j.frl.2024.106384

Linh Thompson

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引用次数: 0

摘要

我们研究了人力资本披露对所有权结构的影响。在引入人力资本披露规则后，高无形性公司的机构所有权集中度有所提高。利用差异实证设计，我们发现这些公司也参与了更多的收益管理。总之，这些发现凸显了信息披露在塑造所有权结构和公司行为方面的作用。

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Human capital disclosures and institutional ownership

We examine the effects of human capital disclosures on ownership structure. Firms which are highly intangible experienced an increase in institutional ownership concentration subsequent to the introduction of human capital disclosure rule. Using a differences-in-differences empirical design, we document that these firms also engaged in more earnings management. Collectively, these findings highlight the role of information disclosures in shaping ownership structure and corporate behaviors.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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