Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/89228
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | School of Accounting and Finance | en_US |
| dc.creator | Chen, HA | en_US |
| dc.creator | Wu, Q | en_US |
| dc.date.accessioned | 2021-02-22T01:23:45Z | - |
| dc.date.available | 2021-02-22T01:23:45Z | - |
| dc.identifier.issn | 0882-6110 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10397/89228 | - |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.rights | © 2021 Elsevier Ltd. All rights reserved. | en_US |
| dc.rights | © 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/. | en_US |
| dc.rights | The following publication Chen, H., & Wu, Q. (2021). Short selling threat and real activity manipulation: Evidence from a natural experiment. Advances in Accounting, 52, 100514 is available at https://dx.doi.org/10.1016/j.adiac.2021.100514. | en_US |
| dc.subject | Real earnings management | en_US |
| dc.subject | Regulation sho | en_US |
| dc.subject | Short selling threat | en_US |
| dc.title | Short selling threat and real activity manipulation : evidence from a natural experiment | en_US |
| dc.type | Journal/Magazine Article | en_US |
| dc.identifier.volume | 52 | en_US |
| dc.identifier.doi | 10.1016/j.adiac.2021.100514 | en_US |
| dcterms.abstract | In this paper, we investigate whether and how short selling threat affects real activity manipulation. Using a regulatory experiment (Regulation SHO) that removes short selling restrictions on randomly selected pilot firms, we find that real activity manipulation is significantly reduced for pilot firms in response to increased short selling threat during the experiment period. The reduction effect is stronger for pilot firms with a transparent financial reporting strategy, a high level of negative financial reporting sentiment, and bad news. Our finding confirms short sellers' monitoring effect on opportunistic behavior, even for real activity manipulation that is difficult to detect. | en_US |
| dcterms.accessRights | open access | en_US |
| dcterms.bibliographicCitation | Advances in accounting, Mar. 2021, v. 52, 100514 | en_US |
| dcterms.isPartOf | Advances in accounting | en_US |
| dcterms.issued | 2021-03 | - |
| dc.identifier.scopus | 2-s2.0-85100033551 | - |
| dc.identifier.artn | 100514 | en_US |
| dc.description.validate | 202102 bcrc | en_US |
| dc.description.oa | Accepted Manuscript | en_US |
| dc.identifier.FolderNumber | a0549-n01 | - |
| dc.description.fundingSource | Self-funded | en_US |
| dc.description.pubStatus | Published | en_US |
| Appears in Collections: | Journal/Magazine Article | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Chen_Short_Selling_Threat.pdf | Pre-Published version | 1.25 MB | Adobe PDF | View/Open |
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