Abstract
During the 2014 APEC Conference, there was a long presence of blue sky (APEC Blue) after a long-time occurrence of hazy weather in Beijing, China, which prompted the public's attention to heavy-polluting enterprises to reach a new peak. Will the public's negative concern about the incident will affect the operation of heavy-polluting enterprises? In this paper, we analyzed the influence of the haze-related exogenous events before and after the "APEC Blue" on earnings management of heavy-polluting enterprises from a new perspective of negative social attention. We carry out research from three perspectives for further research, which involve the growth in the demand for accounting information disclosure, the increase of consumers' low-carbon consciousness and differences in the amount of attention on enterprises with different properties and scales. Results indicate that heavy-polluting enterprises have stronger preference for downward earnings management, especially in those enterprises that are large in scale, non-state owned, or have a direct relationship with consumers.
| Original language | English |
|---|---|
| Article number | 2296 |
| Journal | Sustainability (Switzerland) |
| Volume | 9 |
| Issue number | 12 |
| DOIs | |
| Publication status | Published - Dec 11 2017 |
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All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Renewable Energy, Sustainability and the Environment
- Management, Monitoring, Policy and Law
Cite this
Does hazy weather influence earnings management of heavy-polluting enterprises? A Chinese empirical study from the perspective of negative social concerns. / Zhu, Xiaodong; Gu, Rongrong; Wu, Bingbing; Managi, Shunsuke.
In: Sustainability (Switzerland), Vol. 9, No. 12, 2296, 11.12.2017.Research output: Contribution to journal › Article
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TY - JOUR
T1 - Does hazy weather influence earnings management of heavy-polluting enterprises? A Chinese empirical study from the perspective of negative social concerns
AU - Zhu, Xiaodong
AU - Gu, Rongrong
AU - Wu, Bingbing
AU - Managi, Shunsuke
PY - 2017/12/11
Y1 - 2017/12/11
N2 - During the 2014 APEC Conference, there was a long presence of blue sky (APEC Blue) after a long-time occurrence of hazy weather in Beijing, China, which prompted the public's attention to heavy-polluting enterprises to reach a new peak. Will the public's negative concern about the incident will affect the operation of heavy-polluting enterprises? In this paper, we analyzed the influence of the haze-related exogenous events before and after the "APEC Blue" on earnings management of heavy-polluting enterprises from a new perspective of negative social attention. We carry out research from three perspectives for further research, which involve the growth in the demand for accounting information disclosure, the increase of consumers' low-carbon consciousness and differences in the amount of attention on enterprises with different properties and scales. Results indicate that heavy-polluting enterprises have stronger preference for downward earnings management, especially in those enterprises that are large in scale, non-state owned, or have a direct relationship with consumers.
AB - During the 2014 APEC Conference, there was a long presence of blue sky (APEC Blue) after a long-time occurrence of hazy weather in Beijing, China, which prompted the public's attention to heavy-polluting enterprises to reach a new peak. Will the public's negative concern about the incident will affect the operation of heavy-polluting enterprises? In this paper, we analyzed the influence of the haze-related exogenous events before and after the "APEC Blue" on earnings management of heavy-polluting enterprises from a new perspective of negative social attention. We carry out research from three perspectives for further research, which involve the growth in the demand for accounting information disclosure, the increase of consumers' low-carbon consciousness and differences in the amount of attention on enterprises with different properties and scales. Results indicate that heavy-polluting enterprises have stronger preference for downward earnings management, especially in those enterprises that are large in scale, non-state owned, or have a direct relationship with consumers.
UR - http://www.scopus.com/inward/record.url?scp=85037739688&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85037739688&partnerID=8YFLogxK
U2 - 10.3390/su9122296
DO - 10.3390/su9122296
M3 - Article
AN - SCOPUS:85037739688
VL - 9
JO - Sustainability
JF - Sustainability
SN - 2071-1050
IS - 12
M1 - 2296
ER -