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Insider Stock Ownership and Earnings Persistence: Evidence from China

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  • Lin Minsi

    (Universiti Teknologi MARA, Malaysia & School of Economics and Management, Minjiang University)

  • Fazlida Mohd Razali

    (Universiti Teknologi MARA, Malaysia & Faculty of Accountancy, Universiti Teknologi MARA)

  • Razana Juhaida Johari

    (Universiti Teknologi MARA)

  • Nur Syuhada Jasni

    (Universiti Teknologi MARA)

Abstract

This study examines the impact of insider stock ownership on earnings persistence within the framework of agency theory following the 2018 implementation of a revised Code of Corporate Governance of Listed Companies in China. Analyzing data from A-share firms on the Shanghai and Shenzhen exchanges from 2018 to 2021, the results show a significant positive impact of ownership by boards of directors, executives, and actual controllers on earnings persistence. Supervisory board ownership did not have a significant impact on earnings persistence. These findings bring attention to issues concerning the efficacy of internal governance in Chinese listed firms.

Suggested Citation

  • Lin Minsi & Fazlida Mohd Razali & Razana Juhaida Johari & Nur Syuhada Jasni, 2025. "Insider Stock Ownership and Earnings Persistence: Evidence from China," Public Organization Review, Springer, vol. 25(2), pages 613-632, June.
    • Handle: RePEc:kap:porgrv:v:25:y:2025:i:2:d:10.1007_s11115-025-00830-3
    DOI: 10.1007/s11115-025-00830-3
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