After analyzing 262 corporations when their inner employees＇ shares （IES） become tradable from 1999 to 2003, we find that under-line items and probability of issuing stock dividend are significantly higher for firm...After analyzing 262 corporations when their inner employees＇ shares （IES） become tradable from 1999 to 2003, we find that under-line items and probability of issuing stock dividend are significantly higher for firms with IES than firms without IES. In the two years before IES become tradable, corporations with IES tend to manipulate profit through under-line items and are more probable to issue stock dividend.展开更多
文摘After analyzing 262 corporations when their inner employees＇ shares （IES） become tradable from 1999 to 2003, we find that under-line items and probability of issuing stock dividend are significantly higher for firms with IES than firms without IES. In the two years before IES become tradable, corporations with IES tend to manipulate profit through under-line items and are more probable to issue stock dividend.
