太阳成集团官网_【欢迎您!】

通知公告
   首页» 通知公告
通知公告
6月2日会计系讲座 Penny-Wise and Pound-Foolish: Does Striving to Meet Earnings Expectations by Manipulating Real Activities Undermine Product Quality?
发布时间:2021-05-31      浏览量:

  学术讲座题目:Penny-Wise and Pound-Foolish: Does Striving to Meet Earnings Expectations by Manipulating Real Activities Undermine Product Quality?

  时间:2021年6月2日星期三下午2:00 – 3:30

  地点:京师大厦9406

  报告人:马黎珺

  摘要:

  We examine whether managers’ activities in striving to reach earnings targets affect their firms’ product quality. We find that firms suspected of manipulating real activities in trying to meet earnings benchmarks exhibit a higher likelihood and frequency of product recalls. Other evidence implies that high earnings pressure induces managers to manipulate real activities, resulting in more product quality failures. In cross-sectional results consistent with expectations, we find that the impact of exploiting real activities to attain earnings benchmarks on product recalls intensifies for firms whose managers have stronger incentives to manage earnings and subsides for firms subject to greater customer power. Additional tests show that suspected benchmark targeting also raises the severity of product recalls and that investors react less strongly to small positive earnings surprises for firms with a history of product recalls.

  报告人简介:马黎珺,对外经济贸易大学商学院财务系副教授,2017年于中国人民大学获得会计学博士学位。研究领域为公司财务和公司治理,主要关注文化与公司财务、证券分析师与资本市场、企业ESG行为等话题。研究成果发表于管理世界、European Accounting Review、Journal of Corporate Finance等期刊。获对外经济贸易大学惠园优秀青年学者称号。


Baidu
sogou
Baidu
sogou