The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices

Released on by Kamran Kamran
preview-18

  • The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices Book Detail

  • Author : Kamran Kamran
  • Release Date : 2015
  • Publisher :
  • Genre :
  • Pages : 44
  • ISBN 13 :
  • File Size : 20,20 MB
DOWNLOAD BOOK

The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices by Kamran Kamran PDF Summary

Book Description: This study analyzes the impact of corporate governance and ownership structure on earnings management for a sample of 372 firms listed on the Karachi Stock Exchange over the period 2003-10. We estimate discretionary accruals using four well-known models: Jones (1991); Dechow, Sloan, and Sweeney (1995); Kasznik (1999); and Kothari, Leone, and Wasley (2005). The results indicate that discretionary accruals increase monotonically with the ownership percentage of a firm's directors, their spouses, children, and other family members. This supports the view that managers who are more entrenched in a firm can more easily influence corporate decisions and accounting figures in a way that may serve their interests. This finding is consistent with prior research evidence on the role of dominant directors in expropriating external minority shareholders in Pakistan. Further, our results indicate that institutional investors play a significant role in constraining earnings management practices. We do not find any evidence that CEO duality, the size of the auditing firm, the number of members on the board of directors, and ownership concentration influence discretionary accruals. Among the control variables, we find that firms that are more profitable, are growing, or have higher leverage actively manage their earnings, while earnings management decreases with the age of the firm. The results are robust to several alternative specifications.

Disclaimer: www.yourbookbest.com does not own The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Corporate Payout Policy

Corporate Payout Policy

File Size : 6,6 MB
Total View : 4953 Views
DOWNLOAD

Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over