- Path:
-
Media Tone and Earnings Management before the Earnings Announcement: Evidence from China
Files
External resources
Periodical
- Title:
- Economics
- Other titles:
- Economics / Journal articles
- Publication:
-
Berlin: DeGruyter
- Note:
- Herausgeber früher: Kiel Institute for the World Economy
- Gesehen am 08.09.2021
- Open Access
- ROAD
- 2009,18 nicht ersch.
- Namensnennung 4.0 International
- Archivierung/Langzeitarchivierung gewährleistet
- Scope:
- Online-Ressource
- ISSN:
- 1864-6042
- ZDB-ID:
-
2324918-3
- VÖBB-Katalog:
- 35288672
- Keywords:
- Zeitschrift
- Classification:
- Wirtschaft
- Collection:
- Wirtschaft
- Copyright:
- Rights reserved
- Accessibility:
- Free Access
Article
- Title:
- Media Tone and Earnings Management before the Earnings Announcement: Evidence from China
- Publication:
-
Berlin: DeGruyter, 2024
- Language:
- English
- Information:
- Abstract: This article examines the relationship between media tone and earnings management before the earnings announcement. Using data from China, I discover a positive relationship between media tone before the earnings announcement and earnings management. For companies whose managers sell their ownership in the next time and have prior media exposure, the beneficial relationship is more pronounced. The relationship between abnormal media tone before results declaration and earnings management appears to be weakened by external oversight. According to the findings, managers can use media slant in addition to earnings management as a way to increase stock price following an earnings announcement. I also find that managers may use two public channels to influence media tone before the earnings announcement: the distribution of preliminary accounting data and earnings pre-announcement. Our study expands on the media’s involvement in earnings management and offers proof of the concurrent use of multiple management techniques to artificially raise stock prices.
- Scope:
- Online-Ressource
- Note:
- Open Access
- Archivierung/Langzeitarchivierung gewährleistet
- Keywords:
- earnings management ; media tone ; stock price ; management opportunism ; G14 ; M41
- Classification:
- Wirtschaft
- Sonstiges
- Collection:
- Wirtschaft
- Sonstiges
- Copyright:
- CC BY
- Accessibility:
- Free Access
