Earnings Management and Ownership Concentration - Based on the Impact of Restricted Shares

Ying Wang


Based on the data of A-share listed companies in China's securities market, this paper examines the relationship between earnings management and ownership concentration. It is found that the ownership concentration has a significant governance effect on earnings management when the restricted shares are excluded. The higher the ownership concentration is, the lower the level of earnings management is. In the case of restricted shares, the opposite is true. The higher the equity concentration is, the higher the level of earnings management is.


Earnings Management; Equity Concentration; Restricted Shares

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DOI: http://dx.doi.org/10.18282/gfr.v1i1.759


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