Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention

Huinan Luo

doi:10.47297/wspceWSP2516-251905.20220606

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Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention

Volume 6, Issue 6

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Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention
Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention
Guangzhou City University of Technology, Guangzhou Guangdong 510000, P. R. China
Vol. 6, Issue 6, Pages: 48-54(2022)
Published： 30 December 2022 ，
DOI：10.47297/wspceWSP2516-251905.20220606
Accepted：

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Luo Huinan.Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention[J].Creative Economy,2022,06(06):48-54.
DOI：

Luo Huinan.Research on the Influence of Equity Pledge on Earnings Management :The Moderating Effect of Analysts' Attention[J].Creative Economy,2022,06(06):48-54. DOI： 10.47297/wspceWSP2516-251905.20220606.

摘要

Abstract

This study uses a sample of publicly traded firms from 2018 to 2020 to investigate the effects of equity pledge behavior on accrual earnings management. The study discovered that equity pledge behavior is significantly positively correlated with the degree of accrued earnings management

and analysts' attention played a moderate role in the process of equity pledge behavior influencing the degree of earnings management

thereby weakening the two's positive impact. The findings of the study add empirical evidence to the mechanism of equity pledge on earnings management

as well as to the theoretical literature on the negative economic consequences of equity pledge.

关键词

Keywords

Equity pledgeEarnings managementEarnings management

references

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