报告主题：Productmarket competition, regulatory changes, ownership structure and accountingconservatism: Evidence from China

（产品市场竞争、管制变更、所有权结构与会计稳健性：来自中国的证据）

报告人：MuhammadAnsar Majeed 博士，浙江工商大学国际商学院

时间：2018年5月31日（星期四），14：00-15：00

举行地点：综合楼802会议室 

内容提要: 

A large body of research has recognizedthat product market competition (PMC) affects management decisions likeinvestment, cash holdings, financing decisions, cash distribution and IPOs.Previous studies suggest that competition may affect conservative reportingbecause management adopts market centred approach and formulates strategies tocompete in an industry (strategic considerations view) or the effect ofcompetition may be because of managerial opportunism (agency theory). However,political considerations (political cost hypothesis) or monopoly rent may alsobe the reason for the influence that competition exerts on conservativeaccounting choices. Motivated by these theoretical links between competitionand conservatism, this study examines the association between competition andaccounting conservatism in the wake of regulatory changes and changingownership structures.