基地研究员陈舒宁与合作者（ Weizheng Sun, College of Business Administration, Capital University of Economics and Business; Yuqing Jiao,College of Business Administration, Capital University of Economics and Business;Xu Feng,College of Management and Economics, Tianjin University ）的论文“How does ESG constrain corporate earnings management? Evidence from China” 在重要学术期刊Finance Research Letters在线发表。

摘要：This paper explores whether and how ESG can constrain firms’ earnings management behavior in China. We find that firms with higher ESG performance are less likely to engage in earnings management. Firm visibility and managerial ownership strengthen the ESG-EM negative relationship, while managerial overconfidence weakens it. To further reveal the underlying mechanism, we find that the constraining effect of ESG performance on earnings management is partially mediated by attracting more analysts. Different from the existing explanations of reducing information asymmetry and ethical perspective, this study sheds new light on the mechanism of ESG's regulating corporate opportunistic behavior in China.

关键词: ESG; Earnings management; Analyst coverage; Firm visibility; Managerial ownership; Managerial overconfidence

链接：How does ESG constrain corporate earnings management? Evidence from China - ScienceDirect

作者简介

陈舒宁，中南财经政法大学，会计学院导师，主要研究方向为资本市场与投资者行为、大数据、公司治理。