Does hazy weather influence earnings management of heavy-polluting enterprises? A Chinese empirical study from the perspective of negative social concerns

Xiaodong Zhu, Rongrong Gu, Bingbing Wu, Shunsuke Managi

研究成果: Contribution to journalArticle査読

4 被引用数 (Scopus)

抄録

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.

本文言語英語
論文番号2296
ジャーナルSustainability (Switzerland)
9
12
DOI
出版ステータス出版済み - 12 11 2017

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

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