作者：Chang, Xin; Li, Shanmin; Liu, Chun; Sun, Liang; Zhang, Wenrui
作者单位：Nanyang Technological University; Sun Yat Sen University; Sun Yat Sen University; Colorado State University System; Colorado State University Fort Collins
摘要：We document that firms in more politically corrupt regions of China adopt more conservative accounting. The relation between local political corruption and accounting conservatism weakens after China's anticorruption campaign launched in 2012 and in firms with a lower risk of expropriation by corrupt officials, stronger incentives to report earnings aggressively, or greater gains from corruption. Further analysis shows that accounting conservatism and alternative corporate strategies complemen...
