The effect of CEO inside debt holdings on financial reporting quality
研究发现CEO内部债务持有越高，公司异常应计越低、应计质量越高、盈余错报和盈余基准达标的可能性越低，表明内部债务能促进财务报告质量。
This study investigates the effect of CEO inside debt holdings on financial reporting quality. I find that higher CEO inside debt holdings are associated with lower abnormal accruals, higher accruals quality, a lower likelihood of an earnings misstatement, and a lower incidence of earnings benchmark beating, suggesting that CEO inside debt promotes high financial reporting quality. Additional analyses reveal that (1) CEO inside debt holdings reduce firm-specific stock price crash risk, and that (2) auditors are less likely to report a material internal control weakness for firms that have large CEO inside debt.