时间：2014年11月14日（周五）10：30 – 12：00
地点：嘉庚二号楼501教室
主持人：Ji Wu, Assistant Professor of Finance, IFAS
题目：Employee Treatment and Earnings Management
报告人：张健，西南财经大学财务学副教授
论文摘要：
This paper examines the association between a firm’s relations with its employees and its likelihood of earnings management. We find that firms treating their employees fairly (as measured by employee treatment index) manage their earnings more. Further analysis shows that cash profit-sharing is the most important component in employee treatment to determine our results. Employee’s monetary incentives help explain this finding. Moreover, our results are more evident in subsamples of firms with lower employee moral sensitivity, firms with stronger free-riding problems among employees, firms in more competitive industry or high-tech industry. Finally, we show that our results are not driven by other labor related factors (i.e., managerial entrenchment, labor wage, employee options, labor union power, and asset tangibility)