{"id":"https://openalex.org/W4296579873","doi":"https://doi.org/10.1111/jbfa.12655","title":"Analyst independence and earnings management","display_name":"Analyst independence and earnings management","publication_year":2022,"publication_date":"2022-09-12","ids":{"openalex":"https://openalex.org/W4296579873","doi":"https://doi.org/10.1111/jbfa.12655"},"language":"en","primary_location":{"id":"doi:10.1111/jbfa.12655","doi":"https://doi.org/10.1111/jbfa.12655","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jbfa.12655","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jbfa.12655","source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance & Accounting","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jbfa.12655","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101808482","display_name":"Zhongwei Huang","orcid":"https://orcid.org/0000-0003-2280-3149","observed_orcids":["https://orcid.org/0000-0003-2280-3149"]},"institutions":[{"id":"https://openalex.org/I24943067","display_name":"Fudan University","ror":"https://ror.org/013q1eq08","country_code":"CN","type":"education","lineage":["https://openalex.org/I24943067"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhongwei Huang","raw_affiliation_strings":["School of Management, Fudan University, Shanghai, China"],"raw_orcid":"https://orcid.org/0000-0003-2280-3149","affiliations":[{"raw_affiliation_string":"School of Management, Fudan University, Shanghai, China","institution_ids":["https://openalex.org/I24943067"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5108571164","display_name":"Thomas Jeanjean","orcid":"https://orcid.org/0000-0002-0898-7431","observed_orcids":["https://orcid.org/0000-0002-0898-7431"]},"institutions":[{"id":"https://openalex.org/I2801673036","display_name":"Chambre de Commerce et d'industrie de Paris","ror":"https://ror.org/05dwk8b49","country_code":"FR","type":"other","lineage":["https://openalex.org/I2801673036"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Thomas Jeanjean","raw_affiliation_strings":["Chambre de commerce et d'industrie de region Paris Ile-de-France, Paris, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Chambre de commerce et d'industrie de region Paris Ile-de-France, Paris, France","institution_ids":["https://openalex.org/I2801673036"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5014153685","display_name":"Daphne Lui","orcid":"https://orcid.org/0000-0002-9072-2650","observed_orcids":["https://orcid.org/0000-0002-9072-2650"]},"institutions":[{"id":"https://openalex.org/I4405277924","display_name":"ESSEC Business School","ror":"https://ror.org/04be2h179","country_code":"SG","type":"education","lineage":["https://openalex.org/I4405277924"]}],"countries":["SG"],"is_corresponding":true,"raw_author_name":"Daphne Lui","raw_affiliation_strings":["ESSEC Business School, Singapore, Singapore"],"raw_orcid":"https://orcid.org/0000-0002-9072-2650","affiliations":[{"raw_affiliation_string":"ESSEC Business School, Singapore, Singapore","institution_ids":["https://openalex.org/I4405277924"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5014153685"],"corresponding_institution_ids":["https://openalex.org/I4405277924"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":{"value":3350,"currency":"USD","value_usd":3350},"fwci":4.5487,"has_fulltext":true,"cited_by_count":14,"citation_normalized_percentile":{"value":0.94577142,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":92,"max":99},"biblio":{"volume":"50","issue":"3-4","first_page":"598","last_page":"621"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/earnings-management","display_name":"earnings management","score":0.9890000224113464},{"id":"https://openalex.org/keywords/accrual-based-earnings-management","display_name":"accrual-based earnings management","score":0.8529999852180481},{"id":"https://openalex.org/keywords/scientific-institutions","display_name":"research institutions","score":0.44999998807907104}],"concepts":[{"id":"https://openalex.org/C4577558","wikidata":"https://www.wikidata.org/wiki/Q384475","display_name":"Accrual","level":3,"score":0.8152574300765991},{"id":"https://openalex.org/C2781009383","wikidata":"https://www.wikidata.org/wiki/Q15995636","display_name":"Earnings management","level":3,"score":0.8125661015510559},{"id":"https://openalex.org/C2775884135","wikidata":"https://www.wikidata.org/wiki/Q845436","display_name":"Mandate","level":2,"score":0.7418299913406372},{"id":"https://openalex.org/C2777063073","wikidata":"https://www.wikidata.org/wiki/Q1553237","display_name":"Settlement (finance)","level":3,"score":0.7094732522964478},{"id":"https://openalex.org/C35651441","wikidata":"https://www.wikidata.org/wiki/Q625303","display_name":"Independence (probability theory)","level":2,"score":0.7022625207901001},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6647399067878723},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6026849746704102},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5947425365447998},{"id":"https://openalex.org/C98147612","wikidata":"https://www.wikidata.org/wiki/Q215599","display_name":"Promotion (chess)","level":3,"score":0.5296993851661682},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3208088278770447},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.21022963523864746},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.05198252201080322},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/jbfa.12655","doi":"https://doi.org/10.1111/jbfa.12655","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jbfa.12655","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jbfa.12655","source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance & Accounting","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1111/jbfa.12655","doi":"https://doi.org/10.1111/jbfa.12655","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jbfa.12655","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jbfa.12655","source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance & Accounting","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320972","display_name":"RMIT University","ror":"https://ror.org/04ttjf776"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4296579873.pdf","grobid_xml":"https://content.openalex.org/works/W4296579873.grobid-xml"},"referenced_works_count":57,"referenced_works":["https://openalex.org/W349366774","https://openalex.org/W386261687","https://openalex.org/W1603811794","https://openalex.org/W1986187321","https://openalex.org/W1990058073","https://openalex.org/W2011154793","https://openalex.org/W2024486678","https://openalex.org/W2048219031","https://openalex.org/W2055549572","https://openalex.org/W2062672479","https://openalex.org/W2071887345","https://openalex.org/W2075288496","https://openalex.org/W2085199640","https://openalex.org/W2091967460","https://openalex.org/W2130099553","https://openalex.org/W2140164036","https://openalex.org/W2142242808","https://openalex.org/W2142974872","https://openalex.org/W2144167072","https://openalex.org/W2146500795","https://openalex.org/W2156311802","https://openalex.org/W2160841369","https://openalex.org/W2165828204","https://openalex.org/W2330509058","https://openalex.org/W2583392672","https://openalex.org/W2622878786","https://openalex.org/W2752617332","https://openalex.org/W2758694976","https://openalex.org/W2808596559","https://openalex.org/W2894323075","https://openalex.org/W2899094462","https://openalex.org/W2901248590","https://openalex.org/W2958294999","https://openalex.org/W3121397842","https://openalex.org/W3121526672","https://openalex.org/W3121614397","https://openalex.org/W3121722682","https://openalex.org/W3121814340","https://openalex.org/W3121955304","https://openalex.org/W3122625349","https://openalex.org/W3122812325","https://openalex.org/W3123082659","https://openalex.org/W3123473399","https://openalex.org/W3123768573","https://openalex.org/W3124278937","https://openalex.org/W3124531144","https://openalex.org/W3124791877","https://openalex.org/W3125145096","https://openalex.org/W3125467606","https://openalex.org/W3125677029","https://openalex.org/W3125688476","https://openalex.org/W3125728001","https://openalex.org/W3125843168","https://openalex.org/W3164268559","https://openalex.org/W4256360645","https://openalex.org/W4285809687","https://openalex.org/W4381486830"],"related_works":["https://openalex.org/W4213264856","https://openalex.org/W2268114938","https://openalex.org/W2795560438","https://openalex.org/W2373782091","https://openalex.org/W2319569535","https://openalex.org/W7026449673","https://openalex.org/W3023218619","https://openalex.org/W2891472287","https://openalex.org/W4200034055","https://openalex.org/W2085199640"],"abstract_inverted_index":{"Abstract":[0],"We":[1,16],"examine":[2],"whether":[3],"analyst":[4,124],"independence":[5,125],"contributes":[6],"to":[7,31,75,95,127],"analysts\u2019":[8],"monitoring":[9,92],"role":[10],"in":[11,61],"deterring":[12],"accruals":[13],"earnings":[14,23,62],"management.":[15],"first":[17],"report":[18],"a":[19,35,58,96,115],"negative":[20],"association":[21],"between":[22],"management":[24,63],"and":[25,108],"the":[26,39,42,50,68,85,89,102],"ratio":[27],"of":[28,41,44,91,110],"independent":[29,45,77,111],"analysts":[30,33],"brokerage":[32],"covering":[34],"firm.":[36],"Next,":[37],"through":[38],"lens":[40],"promotion":[43],"sell\u2010side":[46],"research":[47,78,112],"institutions":[48,113],"by":[49,67],"2003":[51],"Global":[52,69,103],"Research":[53],"Analyst":[54],"Settlement,":[55],"we":[56,81,118],"document":[57],"significant":[59],"decrease":[60],"on":[64],"firms":[65],"affected":[66],"Settlement's":[70],"mandate":[71],"for":[72],"time\u2010limited":[73],"support":[74,87],"back":[76],"institutions.":[79],"Additionally,":[80],"find":[82],"that,":[83],"as":[84,114],"aforementioned":[86],"ended,":[88],"extent":[90],"effectiveness":[93],"reverted":[94],"level":[97],"indistinguishable":[98],"from":[99],"that":[100],"before":[101],"Settlement.":[104],"Finally,":[105],"using":[106],"closures":[107],"mergers":[109],"quasi\u2010natural":[116],"experiment,":[117],"provide":[119],"corroborating":[120],"evidence":[121],"consistent":[122],"with":[123],"leading":[126],"more":[128],"effective":[129],"monitoring.":[130]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":6}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2022-09-22T00:00:00"}