机构投资者与真实盈余管理:一个元分析

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-07-01 DOI:10.18559/ebr.2022.2.4

Bartosz Kabaciński, Jacek Mizerka, Agnieszka Stróżyńska-Szajek

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引用次数: 0

摘要

摘要本文的目的是基于19篇文章的225个估计样本，通过meta回归分析(MRA)来检验机构投资者所有权对实际盈余管理(REM)实践的影响。一些现有的研究表明，机构投资者可以作为外部监督者，从而减少可能对公司价值产生负面影响的盈余管理活动，从而起到缓解作用。从基本模型得到的结果既没有证实机构所有权对REM影响的假设，也没有证实存在显著发表偏倚的假设。利用增强的MRA模型，得出了与结构和方法异质性相关的不同区域的结论。机构所有权对真实盈余管理的影响在世界不同地区的差异，结果对不同数据特征的依赖，以及文章是否发表在顶级期刊上的结果差异。

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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Institutional investors and real earnings management: A meta-analysis

Abstract The aim of the article is to examine the influence of institutional investor ownership on real earnings’ management (REM) practices through a meta-regression analysis (MRA) based on a sample of 225 estimations from 19 articles. Some of the available research suggests a mitigating role for institutional investors who can serve as external monitors and thus reduce earnings’ management activities which could have a negative impact on the company’s value. The results obtained from the basic model confirmed neither the hypothesis about the influence of institutional ownership on REM, nor the hypothesis about the existence of a significant publication bias. Using an augmented MRA model conclusions in different areas associated with structural and methodological heterogeneity were drawn. Differences in the impact of institutional ownership on real earnings’ management in different regions of the world, a dependence of the results on different data characteristics and differences in the results depending on whether the article was published in a top journal or not were found.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.