Executives'Academic Experience and Performance of Earnings Management
Based on the data of China's A-share listed companies from 2008 to 2021,this paper makes an empirical study of the relationship between executives'academic experience and earnings management.The results show that executives'academic experience is significantly negatively correlated with the level of accrued earnings management and the level of real earnings management in sales manipulation,production manipulation and cost manipulation.After a series of robustness tests by instrumental variable method,propensity score matching method,and key explanatory variable substitution method respectively,the results of this conclusion remain unchanged.Further research has found that companies with executives having academic experience have a stronger risk aversion tendency and better internal control quality,thereby reducing the work of earnings management.
NETL
NSTL
万方数据
