Horizontal Competition,Earnings Management and Controlling Shareholders' Propping
研究中国A股上市公司中，控股股东是否利用与关联公司的横向竞争关系进行利益输送以实现盈余操纵。发现存在向上盈余操纵动机时，有横向竞争关系的公司销售收入、现金流和主营利润增长更快，但可操控应计利润更低。
Using the data of Chinese A - share listed companies with horizontal competition relationship,this paper studies whether the controlling shareholders will use the horizontal competition relationship between the listed companies and related companies to transfer interests to listed companies in order to get the goal of earnings manipulation.The study finds that with the presence of upward earnings manipulation motivation,compared to non - existent horizontal competition relationship,listed companies with horizontal competition relationship have a significantly faster growth of sales revenue,cash flows and profit of main business,while discretionary accruals is significantly lower.The results suggest that earnings manipulation of listed companies with horizontal competition relationship attributes to the interests transformation through the horizontal competition relationship by the controlling shareholders.