Can Financial Sharing Inhibit Corporate Earnings Management
In the era of the digital economy's burgeoning growth,digital technologies are increasingly integrated into various bus-iness operations.The establishment of a financial sharing center is a pivotal aspect of enterprise digital transformation,significantly in-fluencing the firm's progression.The implications of such financial sharing have garnered extensive scholarly interest.This study em-ploys a panel dataset of Shanghai and Shenzhen A-share companies from 2007 to 2022 to examine the effect of financial sharing centers on earnings management via fixed effects and mediation effect models.We discover that the adoption of financial sharing can notably re-duce the extent of earnings manipulation and enhance the integrity of earnings disclosure among listed companies.Consistent with this finding,robustness checks employing alternative dependent variables and the Heckman two-step method confirm the study's validity.Further research shows that internal control and information asymmetry serve as critical intermediaries in the relationship between finan-cial sharing and earnings management.The research not only provides an objective assessment of the contributing and underlying mech-anisms of financial sharing within enterprises,but also offers insights into bolstering internal control efficacy,increasing accounting transparency,refining corporate branding,and fostering stock market liquidity.
NETL
NSTL
万方数据
维普
