Will Stress Be Changed into Motivation?: Peer Reference Gap, CEO External Pressure and Accounting Information Quality

doi:10.16382/j.cnki.1000-5579.2018.03.012

Abstract

Abstract:

From the perspective of behavioral economic theory, this paper takes agency theory and cognitive evaluation theory as the basis, selects the data of China's listed companies for 2008-2015 years as the sample, and empirically studies the relationship among the peer reference gap, CEO external pressure and the quality of accounting information. The results show that:(1) the greater peer reference gap of CEO, the lower the quality of accounting information; (2) the pressure of external debt will strengthen the relationship between the peer reference gap and the quality of accounting information, which has the crowding-out effect; the pressure of analyst coverage will inhibit it, which has the governance effect. After considering endogenous problems, the above conclusions are still true. Further studies have found that the crowding-out effect of CEO external pressure on the relationship between the reference gap and the quality of accounting information is more significant in the state-owned enterprises and the short-term debt samples.

Key words: peer reference gap, external pressure of CEO, accounting information quality, governance effect, crowding out effect

LUO Kun, SANG Zhao-yang. Will Stress Be Changed into Motivation?: Peer Reference Gap, CEO External Pressure and Accounting Information Quality[J]. Journal of East China Normal University (Philosoph, 2018, 50(3): 126-138.

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