OFDI and Accrual Earnings Management——Based on the Convergence of Accounting Standards
Based on data of A-share listed companies from 2007 to 2017,we study how OFDI affects accrual earnings management.The results show OFDI can significantly reduce the accrual earnings management when the host country adopts the converged accounting standards.However,this relation-ship is not significant when the host country does not adopt converged accounting standards.Further research shows that the influence of OFDI based on seeking market and efficiency is more significant.And we also discuss the influencing mechanism,the direction of AEM,and the relationship between OF-DI and REM.The conclusions encourage regulators and capital markets to support listed companies to carry out OFDI reasonably on the basis of improving corporate governance mechanisms.
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