Study of the Impact of Private Equity on the Listed Companies’ Earnings Management
نویسندگان
چکیده
Based on the GEM 355 listed companies during the period October 2009 to December 2013, this paper provides an empirical analysis of the impact of private equity on earnings management among the GEM listed companies by introducing a modified Jones model and a multivariate linear regression model. The results suggest that Companies listed on GEM have positive earnings management behavior, But PE have not inhibitory effect on earnings management before companies listing. Improve earnings management governance, PE team building and monitoring mechanism will help to enhance the positive role of PE to earnings management.
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