我院侯芳芳助理教授独立完成的学术论文在国际知名学术期刊 Review of Quantitative Finance and Accounting 在线发表，论文题目：Foreign capital exposure and firms’ financial reporting behavior: international evidence from equity market openings。
Review of Quantitative Finance and Accounting为英国商学院协会ABS(AJG)三星期刊；并被我院认定为国际二类期刊。
摘要
When equity markets open to foreign investors, firms in these markets have significant opportunities for attracting foreign capital. Using a set of economies that opened their equity markets, I find a significant degree of income-increasing earnings management in the year of opening. This positive effect is more pronounced in industries that are more dependent on external financing and for financially constrained firms, suggesting that firms’ need for equity finance contributes the earnings management. The effect is weaker when a firm is constrained from earnings management by a Big N auditor and by being in an economy with stronger legal enforcement. Overall, my results suggest that equity market liberalization fosters firms’ upward earnings management behaviors around the world.
全文链接：https://doi.org/10.1007/s11156-024-01317-w
作者简介
侯芳芳，厦门大学财务管理与会计研究院助理教授、硕士生导师，福建省高层次C类人才。2019年获香港理工大学会计学博士学位，本硕就读于中央财经大学。主要研究领域包括企业投资与创新、公司治理、信息披露等。科研成果发表于《Journal of Accounting, Auditing and Finance》(ESCI)《Accounting and Finance》(SSCI)等。主持国家自科青年基金、福建省社科基金项目。曾获公司金融与金融市场暑期研习营最佳论文、CJAR-ABR联合会议最佳论文奖、交大会计合作论坛二等奖、电子商务与电子政务国际会议最佳论文奖等。主讲《概率论与数理统计》《学术论文写作指导》等课程。