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IMI Working Paper No.2310:Consequences of Earnings Management Triggered by Delisting

  • 2023年12月03日
  • 50 金币

This paper investigates the consequences of earnings management triggered by earningsbased delisting regulations in China. Our main finding is that there is a positive relationship between earnings management to avoid delisting by firms subject to delisting regulations and the subsequent performance, measured by operating performance and recurrence of losses. The results are robust to the various performance measures, including gross margin, assets turnover, and probability of bankruptcy, ind

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