Propping through related party transactions

Aharony, J., Lee, J., & Wong, T. J. (2000). Financial packaging of IPO firms in China. Journal of Accounting Research, 38(1), 103–126.

Bai, C.-E., Liu, Q., & Song, F. M. (2005). Bad news is good news: Propping and tunnelling evidence from China. http://www.hiebs.hku.hk/working_paper_updates/pdf/wp1094.pdf .

Ball, R., Kothari, S. P., & Robin, A. (2000). Corrigendum: The effect of international institutional factors on properties of accounting earnings. Journal of Accounting & Economics, 29(1), 1–51.

Bertrand, M., Mehta, P., & Mullainathan, S. (2002). Ferreting out tunneling: An application to Indian business groups. The Quarterly Journal of Economics, 117(1), 121–148.

Bhattacharya, U., Daouk, H., & Welker, M. (2003). The world price of earnings opacity. The Accounting Review, 78(3), 641–678.

Bushman, R. M., Piotroski, J. D., & Smith, A. J. (2004). What determines corporate transparency? Journal of Accounting Research, 42(2), 207–252.

Chen, C. J. P., Su, X., & Wu, X. (2007). Market competitiveness and Big 5 pricing: Evidence from China’s binary market. The International Journal of Accounting, 42(1), 1–24.

Chen, C. J. P., Xu, X., & Zhao, R. (2000a). An emerging market’s reaction to initial modified audit opinions: Evidence from the Shanghai Stock Exchange. Contemporary Accounting Research, 17(3), 429–455.

Chen, C. W. K., & Yuan, H. Q. (2004). Earnings management and resource allocation: Evidence from China’s accounting-based regulation of rights issues. The Accounting Review, 79(3), 645–665.

Chen, J. (1998). A study of the abnormal increase in accounts receivable. In Collection of accounting research on listed companies. Shanghai University of Finance & Economics (in Chinese).

Chen, X. Y., Xiao, X., & Guo, X. Y. (2000b). Rights issue qualifications and earnings manipulation of listed companies. Economic Research (in Chinese), 30–36.

Cheung, Y.-L., Rau, P. R., & Stouraitis, A. (2006). Tunneling, propping and expropriation: Evidence from connected party transactions in Hong Kong. Journal of Financial Economics, 82(2), 287–322.

Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. Accounting Review, 70(2), 193–225.

DeFond, M., Hung, M., & Trezevant, R. (2007). Investor protection and the information content of annual earnings announcements: International evidence. Journal of Accounting and Economics, 43(1), 37–67.

DeFond, M., Wong, T. J., & Li, S. (1999). The impact of improved auditor independence on audit market concentration in China. Journal of Accounting & Economics, 28(3), 269–306.

Demurger, S., et al. (2002). Geography, economic policy and regional development in China. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=286672 .

Fan, G., & Wang, X. L. (2003). NERI index of marketization of China’s Provinces. Economic Science Press.

Fan, J. P. H., & Wong, T. J. (2002). Corporate ownership structure and the informativeness of accounting earnings in East Asia. Journal of Accounting and Economics, 33(3), 401–425.

Fan, J. P. H., Wong, T. J., & Zhang, T. (2007). Organizational structure as a decentralization device: Evidence from corporate pyramids. The Chinese University of Hong Kong and the City University of Hong Kong.

Friedman, E., Johnson, S., & Mitton, T. (2003). Propping and tunneling. Journal of Comparative Economics, 31(4), 732–750.

Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40(1–3), 3.

Gramlich, J. D. G., Limpaphayom, P., & Rhee, S. G. (2004). Taxes, keiretsu affiliation, and income shifting. Journal of Accounting & Economics, 37(2), 203–228.

Gwartney, J., Lawson, R., & Gartzke, E. (2005). Economic freedom of the world: 2005 annual report. Vancouver, BC: Fraser Institute.

Haw, I.-M., et al. (2005). Market consequences of earnings management in response to security regulations in China. Contemporary Accounting Research, 22(1), 95–140.

Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting & Economics, 7(1–3), 85–107.

Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting Horizons, 13(4), 365–383.

Jiang, Y. H., & Wei, G. (1998). An empirical study of the ROE distribution of listed companies. Shanghai University of Finance & Economics.

Jones, J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193–228.

Khanna, T., & Palepu, K. (2000). Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups. Journal of Finance, 55(2), 867–892.

Khanna, T., & Yafeh, Y. (2005). Business groups and risk sharing around the world. Journal of Business, 78(1), 301–340.

Khanna, T., & Yafeh, Y. (2007). Business groups in emerging markets: Paragons or parasites? Journal of Economic Literature, 45(2), 331–372.

Klassen, K. J., Lang, M., & Wolfson, M. (1993). Geographic income shifting by multinational corporations in response to tax rate changes. Journal of Accounting Research, 31(Suppl.), 141–182.

Leuz, C., Nanda, D., & Wysocki, P. D. (2003). Earnings management and investor protection: An international comparison. Journal of Financial Economics, 69, 505–727.

Leuz, C., & Oberholzer-Gee, F. (2006). Political relationships, global financing, and corporate transparency: Evidence from Indonesia. Journal of Financial Economics, 81(2), 411–439.

Li, H., Meng, L., & Zhang, J. (2006). Why do entrepreneurs enter politics? Evidence from China. Economic Inquiry, 44(3), 559–578.

Li, H., & Zhou, L.-A. (2005). Political turnover and economic performance: The disciplinary role of personnel control in China. Journal of Public Economics, 89, 1743–1762.

Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42(3), 335–370.

Teoh, S. H., Welch, I., & Wong, T. J. (1998). Earnings management and the long-run market performance of initial public offerings. Journal of Finance, 53(6), 1935–1974.

Wang, Q., Wong, T. J., & Xia, L. (2008). State ownership, institutional environment and auditor choice: Evidence from China. Journal of Accounting and Economics (forthcoming).

Watts, R. L., & Zimmerman, J. L. (1986). Positive accounting theory. Prentice-Hall.

Williamson, O. (1964). The economics of discretionary behavior: Managerial objectives in a theory of the firm. Englewood Cliffs, NJ: Prentice Hall.

Yuan, H. Q. (1998). Disclosure of related party transactions in interim report: Facts and thoughts. Kuai Ji Yan Jiu (Accounting Studies, in Chinese), 4, 1–6.