为了活跃厦门大学会计学科的学术研究氛围，激发既有教师与在校研究生的学术研究热情和积极性，促进教师之间、教师与研究生之间、研究生彼此之间的深入交流、思想碰撞与知识分享，我们组织了由厦门大学会计学科的常任教师、博(硕)士研究生、国际访问学者等作为报告人的系列Seminar。该Seminar将冠以“厦门大学会计学科教师与研究生系列Seminar”的总标题，从2017年3月14日起，每周周二下午15:00-17:30举行。该Seminar与已有的“财务、会计Seminar”(主要聘请校外与境外的学者担任报告人)相互补充，以期能够更好地推动厦门大学会计学科的学术发展。
“厦门大学会计学科教师与研究生系列Seminar”之三十一
题 目：Does Same-Industry Peer Comparison Deter Corporate Frauds?
报告人：刘媛媛 助理教授
主持人：张国清 教授
时 间：2018年5月22日（星期二）,15:00-17:30
地 点：厦门大学嘉庚二203室
论文摘要：Growing anecdotal evidence shows that regulators and investors employ same-industry peer comparison to monitor management of public firms and detect fraudulent activities. As comparability is an important attribute of financial statement that facilitates meaningful comparison among peer firms, we argue that higher comparability makes it easier for outsiders to discover any unusual corporate behaviors, which in turn suppress managers’ incentive in committing frauds. Therefore, this paper empirically examines whether financial statement comparability (FSC) deters corporate frauds in China. Using measures of De Franco et al. (2011), we find that firms with higher comparability are less likely to commit corporate frauds. Cross-sectional analyses show that the negative relation is more pronounced for firms with low institutional ownership and for those operating in regions with better market development. Further tests confirm that it takes shorter time for regulators to detect fraudulent activities of accused firms, if their financial statements are more comparable to same-industry peer companies. Overall, our study provides evidence supporting benefits of peer comparisons in the fraud setting, and has implication for investors, regulators, and standard setters.
关键词：peer comparison, financial statement comparability, corporate fraud, information asymmetry
