Timing earnings

作者：Donghua Chen; Xiangqin Qi; Yongjian Shen; Huimiao Lin

来源：China Journal of Accounting Research, 2011, (04): 211-232.

• Stock market cycle
• Earnings management
• Market timing

Since the opening of China’s securities market,there have been a number of bull and bear cycles.This paper discusses how executives use the market timing approach to manage earnings in different cycles to maximize firm value.We find that Chinese listed companies choose to release more earnings during bull markets and this phenomenon is more evident in companies that are more profitable and have higher valuations.We also find that executives who do not release more earnings during bull markets are more likely to be dismissed.

• 出版日期2011-12-15
• 单位南京大学