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
N1 - Funding Information:
Acknowledgments: This study is funded by the National Social Science Foundation of China (No. 13CGL094), the Priority Academic Program Development of Jiangsu Higher Education Institutions, Top-notch Academic Programs Project of Jiangsu Higher Education Institutions (PPZY2015A072), Jiangsu Province Social Science Research Excellence Project (17SCB-23) and The Practice Innovation Training Program of College Students in Jiangsu Province (201610300004).
Publisher Copyright:
© 2017 by the authors.
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.
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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 -