Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/72893
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dc.contributor.authorZhang, Jin
dc.date.accessioned2017-12-11T07:47:47Z
dc.date.available2017-12-11T07:47:47Z
dc.date.issued2017
dc.identifier.citationZhang, J. (2017). Political corruption and corporate earnings management. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/72893
dc.description.abstractUsing U.S. Department of Justice data on political corruption convictions, I examine how political corruption affects firms’ earnings management. I find that companies headquartered in more corrupt states manipulate earnings downwards. The findings are robust to six alternative corruption measures, the restatement analysis, the accounting policy analysis, the instrumental variable approach, the difference-in-differences analysis, and an event study. In addition, I find that the effect of corruption on earnings management is more pronounced for firms whose operations concentrate in their headquarter states and for firms without political connections, but is not significant for firms on the edge of missing earnings benchmarks or firms facing tight debt covenants. In sum, my findings suggest that firms respond to corruption by managing earnings downwards.en_US
dc.format.extent76 p.en_US
dc.language.isoenen_US
dc.subjectDRNTU::Business::Management::Bureaucracyen_US
dc.titlePolitical corruption and corporate earnings managementen_US
dc.typeThesis
dc.contributor.supervisorZhang Huaien_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeDoctor of Philosophy (NBS)en_US
dc.contributor.researchCentre for Accounting and Auditing Researchen_US
dc.identifier.doi10.32657/10356/72893-
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