Accounting and finance (Parkville), 2020-12, Vol.60 (5), p.4757-4793
2020
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Details
- Autor(en) / Beteiligte
- Titel
- Top executives’ early‐life experience and financial disclosure quality: impact from the Great Chinese Famine
- Ist Teil von
- Accounting and finance (Parkville), 2020-12, Vol.60 (5), p.4757-4793
- Ort / Verlag
- Clayton: Wiley Subscription Services, Inc
- Erscheinungsjahr
- 2020
- Quelle
- Wiley Online Library Journals Frontfile Complete
- Beschreibungen/Notizen
- This study investigates the impact of top executives’ Great Chinese Famine experience on firm financial disclosure quality. We find firms led by top executives who experienced the great famine in early life are less likely to conduct fraudulent financial reporting. The famine effect is more pronounced in state‐owned enterprises (SOEs), smaller‐cap, lower‐profitability level firms and firms with weaker external monitoring. Further evidence suggests that top executives with great famine experience show greater tendency to implement secured debt structure, effective internal control and spend less on entertainment and travel costs, which in turn reduce the likelihood of fraudulent financial reporting.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0810-5391eISSN: 1467-629XDOI: 10.1111/acfi.12659Titel-ID: cdi_proquest_journals_2470179534
- Format
- –
- Schlagworte
- Analysis, Corporate officers, Disclosure, Early‐life experience, Executives, False information, Famine, Famines, Financial disclosure, Financial disclosure quality, Financial misrepresentations, Financial reporting, Government business enterprises, The Great Chinese Famine, Top executives