Review of Accounting Studies-March 2015, Volume 20, Issue?1, pp 501–536

CEO内部债务持有对财务报告质量的影响

作者：Guanming He (University of Warwick)

摘要：本文研究CEO内部债务持有对财务报告质量的影响。我发现更高的CEO内部债务持有与较低的超常应计相关联，应计的质量更高，盈余错报的可能性更低，并且战胜盈余基准的发生率也更低，这表明CEO内部债务促进更高的财务报告的质量。额外的分析表明：（1）CEO内部债务持有减少了本公司特有的股价崩盘风险；（2）对于CEO内部债务较大的公司，审计人员不太可能报告其重要的内部控制薄弱点。

关键词：CEO内部债务持有，异常应计，应计质量，盈余错报，战胜盈余基准

The effect of CEO inside debt holdings on financial reporting quality

Guanming He (University of Warwick)

ABSTRACT

This study investigates the effect of CEO inside debt holdings on financial reporting quality. I find that higher CEO inside debt holdings are associated with lower abnormal accruals, higher accruals quality, a lower likelihood of an earnings misstatement, and a lower incidence of earnings benchmark beating, suggesting that CEO inside debt promotes high financial reporting quality. Additional analyses reveal that (1) CEO inside debt holdings reduce firm-specific stock price crash risk, and that (2) auditors are less likely to report a material internal control weakness for firms that have large CEO inside debt.

Keywords: CEO inside debt holdings, Abnormal accruals, Accruals quality, Earnings misstatement, Earnings target beating

原文链接：http://xueshu.baidu.com/s?wd=paperuri%3A%28f85aedf8e116867483dfcf46c6436637%29&filter=sc_long_sign&tn=SE_xueshusource_2kduw22v&sc_vurl=http%3A%2F%2Flink.springer.com%2Farticle%2F10.1007%2Fs11142-014-9305-8&ie=utf-8&sc_us=3415836630903293592

翻译：黄涛