Insider Stock Ownership and Earnings Persistence: Evidence from China
This study examines the impact of insider stock ownership on earnings persistence within the framework of agency theory following the 2018 implementation of a revised Code of Corporate Governance of Listed Companies in China. Analyzing data from A-share firms on the Shanghai and Shenzhen exchanges f...
| 發表在: | PUBLIC ORGANIZATION REVIEW |
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| Main Authors: | , , , , |
| 格式: | Article; Early Access |
| 語言: | English |
| 出版: |
SPRINGERNATURE
2025
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| 主題: | |
| 在線閱讀: | https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001434514400001 |
| 總結: | This study examines the impact of insider stock ownership on earnings persistence within the framework of agency theory following the 2018 implementation of a revised Code of Corporate Governance of Listed Companies in China. Analyzing data from A-share firms on the Shanghai and Shenzhen exchanges from 2018 to 2021, the results show a significant positive impact of ownership by boards of directors, executives, and actual controllers on earnings persistence. Supervisory board ownership did not have a significant impact on earnings persistence. These findings bring attention to issues concerning the efficacy of internal governance in Chinese listed firms. |
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| ISSN: | 1566-7170 1573-7098 |
| DOI: | 10.1007/s11115-025-00830-3 |