The impact of related party sales by listed Chinese firms on earnings informativeness and analysts forecasts

• Main Authors: WANG, Jiwei, YUAN, Hongqi
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2012
• 主題: Related party sales; earning informativeness; earnings quality; earnings forecasts; China; Accounting; Asian Studies; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/958; https://ink.library.smu.edu.sg/context/soa_research/article/1957/viewcontent/V173_3.pdf

Using a random sample of 140 of China's listed firms, we show an adverse impact of related party (RP) sales of goods and services on the usefulness of accounting earnings to investors and on the quality of earnings forecasts by financial analysts. Consistent with the contention that RP sales ma...