On The Association Between Institutional Ownership And Aggressive Corporate Earnings Management In Australia

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On the Association between Institutional Ownership and Aggressive Corporate Earnings Management in Australia

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Author : Ping-Sheng Koh
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

Book Synopsis On the Association between Institutional Ownership and Aggressive Corporate Earnings Management in Australia by : Ping-Sheng Koh

Download or read book On the Association between Institutional Ownership and Aggressive Corporate Earnings Management in Australia written by Ping-Sheng Koh and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the association between institutional ownership and Australian firms' aggressive earnings management strategies. In contrast to similar studies, this study does not assume that the two views on how institutional ownership associates with firms' earnings management behaviour are mutually exclusive. The association between institutional ownership and firms' income increasing discretionary accruals is expected to vary as the level of institutional ownership increases. The results support the predicted non-linear association between institutional ownership and income increasing discretionary accruals. In particular, a positive association is found at the lower institutional ownership levels, consistent with the view that transient (short-term oriented) institutional investors create incentives for managers to manage earnings upwards. On the other hand, a negative association is found at the higher institutional ownership levels, consistent with the view that long-term oriented institutional investors' monitoring limits managerial accruals discretion. These findings suggest that institutional investors can act as a complementary corporate governance mechanism in mitigating myopic aggressive earnings management by corporations when they have a sufficiently high ownership level.

Institutional Investors, Corporate Governance, and Earnings Management Around Merger

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Author : Njah Mouna
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (13 download)

Book Synopsis Institutional Investors, Corporate Governance, and Earnings Management Around Merger by : Njah Mouna

Download or read book Institutional Investors, Corporate Governance, and Earnings Management Around Merger written by Njah Mouna and published by . This book was released on 2013 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the association between institutional ownership and the earnings management behavior of some French absorbing firms. Using a sample of 76 French mergers and absorptions concluded over the period ranging from 2000 to 2010, we undertake to present some empirical evidence highlighting that absorbing-firms manipulate earnings relevant to the year preceding the merger-offer in the presence of institutional cross-holding. However, the presence of active institutions turns out to limit the managerial accruals discretion. The monitoring role exerted by the active-institutional investors does restrict the opportunities of earnings management around mergers and acquisitions. Further analyses suggest that the average value of discretionary accruals with regards to the absorbing firms proves to be influenced by the nature of merger deal (takeover vs. restructuring).

Common Institutional Ownership and Earnings Management

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Author : Santhosh Ramalingegowda
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

Book Synopsis Common Institutional Ownership and Earnings Management by : Santhosh Ramalingegowda

Download or read book Common Institutional Ownership and Earnings Management written by Santhosh Ramalingegowda and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relation between earnings management and block ownership of same-industry peer firms by a common set of institutional investors (common institutional ownership). This relation is important given the tremendous growth of common institutional ownership and the significant influence of blockholders on financial reporting. We hypothesize that common institutional ownership mitigates earnings management by enhancing institutions' monitoring efficiency and by encouraging institutions to internalize the negative externality of a firm's earnings management on peer firms' investments. Consistent with our hypothesis, we find that higher common institutional ownership is related to less earnings management. Analyses of a quasi-natural experiment based on financial institution mergers show that this negative relation is unlikely to be driven by the endogeneity of common institutional ownership. Cross-sectional tests provide evidence that the negative relation is stronger among firms for which common institutional ownership is likely to generate a greater reduction in institutions' information acquisition and processing costs, and among firms whose severe financial misstatements are more likely to distort co-owned peer firms' investments, supporting both mechanisms underlying our hypothesis. Our findings inform the ongoing debate on the costs and benefits of common institutional ownership by highlighting an important benefit: the enhanced monitoring of financial reporting.

Institutional Investors, Long-Term Investment, and Earnings Management

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Author : Brian J. Bushee
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)

Book Synopsis Institutional Investors, Long-Term Investment, and Earnings Management by : Brian J. Bushee

Download or read book Institutional Investors, Long-Term Investment, and Earnings Management written by Brian J. Bushee and published by . This book was released on 2011 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the influence of institutional investors on the incentives of corporate managers to alter long-term investment for earnings management purposes. Many critics argue that the short-term focus of institutional investors encourages managers to sacrifice long-term investment to meet current earnings targets. Others argue that the large stockholdings and sophistication of institutions allow them to fulfill a monitoring role in preventing such myopic investment behavior. I examine these competing views by testing whether institutional ownership affects Ramp;D spending for firms that could reverse a decline in earnings with a reduction in Ramp;D. The results indicate that managers are less likely to cut Ramp;D to reverse an earnings decline when institutional ownership is high, implying that institutions typically serve a monitoring role relative to individual investors. However, I find that a high proportion of ownership by institutions exhibiting ?transient? ownership behavior (i.e., high portfolio turnover and momentum trading) significantly increases the probability that managers reduce Ramp;D to boost earnings. These results indicate that high turnover and momentum trading by institutional investors can encourage myopic investment behavior when such institutional investors have extremely high levels of ownership in a firm; otherwise, institutional ownership serves to reduce pressures on managers for myopic investment behavior.

Comparative Research on Earnings Management, Corporate Governance, and Economic Value

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Author : Vieira, Elisabete S.
Publisher : IGI Global
ISBN 13 : 1799875989
Total Pages : 433 pages
Book Rating : 4.7/5 (998 download)

Book Synopsis Comparative Research on Earnings Management, Corporate Governance, and Economic Value by : Vieira, Elisabete S.

Download or read book Comparative Research on Earnings Management, Corporate Governance, and Economic Value written by Vieira, Elisabete S. and published by IGI Global. This book was released on 2021-02-12 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: New trends are emerging regarding earnings management and corporate governance showing similarities and striking differences in the practices of different countries and economies. These new trends currently shape the field of modern corporate governance with crucial issues being looked at in governance law and practices, accounting systems, earnings quality and management, stakeholder involvement, and more. In order to advance these new avenues in corporate governance, research looks at accounting policies firms use in different opportunistic circumstances in order to manage earnings, the corporate governance practices in different countries, firm performance, and other dimensions of companies. The understanding of these topics is beneficial in understanding the current state of different types of firms and their practices in modern times. Comparative Research on Earnings Management, Corporate Governance, and Economic Value is focused on the investigation of key challenges and perspectives of corporate governance and earnings management and outlines possible scenarios of its development. The chapters explore this new avenue of research and cover theoretical, empirical, and experimental studies related to different themes in the global context of earnings management and corporate governance. This book is ideal for economists, businesses, managers, accountants, practitioners, stakeholders, researchers, academicians, and students who are interested in the current issues and advancements in corporate governance and earnings management.

The Effectiveness of Corporate Governance, Institutional Ownership, and Adult Quality as Monitoring Devices of Earnings Management

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Author : Ahmed M. Ebrahim
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (68 download)

Book Synopsis The Effectiveness of Corporate Governance, Institutional Ownership, and Adult Quality as Monitoring Devices of Earnings Management by : Ahmed M. Ebrahim

Download or read book The Effectiveness of Corporate Governance, Institutional Ownership, and Adult Quality as Monitoring Devices of Earnings Management written by Ahmed M. Ebrahim and published by . This book was released on 2004 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perspectives, Trends, and Applications in Corporate Finance and Accounting

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Author : Zopounidis, Constantin
Publisher : IGI Global
ISBN 13 : 1522561153
Total Pages : 372 pages
Book Rating : 4.5/5 (225 download)

Book Synopsis Perspectives, Trends, and Applications in Corporate Finance and Accounting by : Zopounidis, Constantin

Download or read book Perspectives, Trends, and Applications in Corporate Finance and Accounting written by Zopounidis, Constantin and published by IGI Global. This book was released on 2018-06-29 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial analyses, investments, and accounting practices are continually developing and improving areas that have seen significant advancements in the past century. However, the recent bankruptcies by major banks, the debt crisis in the European Union, and the economic turmoil in several countries have caused severe downfalls in financial markets and financial systems worldwide. As the world works to recover, it is important to learn from these financial crises to ensure a more secure and sustainable outlook for organizations and the global future. Perspectives, Trends, and Applications in Corporate Finance and Accounting is a crucial resource providing coverage on the stock market, public deficits, investment firms’ performances, banking systems, and global economic trends. This publication highlights areas including, but not limited to, the relationship between the stock market and macroeconomics, earnings management, and pricing models while also discussing previous financial crises. This book is a vital reference work for accountants, financial experts, investment firms, corporate leaders, researchers, and policy makers.

An Investigation of Factors Influencing the Association Between Top Management Ownership and Earnings Management

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Author : Marion R. Hutchinson
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

Book Synopsis An Investigation of Factors Influencing the Association Between Top Management Ownership and Earnings Management by : Marion R. Hutchinson

Download or read book An Investigation of Factors Influencing the Association Between Top Management Ownership and Earnings Management written by Marion R. Hutchinson and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study conjectures and shows that the level of top management stock ownership is non-monotonically associated with managers' propensity to manage earnings. Increasing ownership from low levels decreases earnings management while ownership at high levels increases earnings management. Further, this study attempts to discern when the effects of management ownership are more salient for the firm. The results of this exploratory analysis of 15,945 firm observations over a six-year period show that the non-monotonic association between top management ownership and earnings management is significant, and hence more important, for the firm characteristics of low growth opportunities, high operating volatility, small size, frequent losses, high-technology, and low institutional ownership.

Research on Professional Responsibility and Ethics in Accounting

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Author : Cynthia Jeffrey
Publisher : Elsevier
ISBN 13 : 0762313935
Total Pages : 230 pages
Book Rating : 4.7/5 (623 download)

Book Synopsis Research on Professional Responsibility and Ethics in Accounting by : Cynthia Jeffrey

Download or read book Research on Professional Responsibility and Ethics in Accounting written by Cynthia Jeffrey and published by Elsevier. This book was released on 2007-12-17 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on Professional Responsibility and Ethics in Accounting" is devoted to publishing high-quality research and cases that focus on the professional responsibilities of accountants and how they deal with the ethical issues they face. The series features articles on a broad range of important and timely topics, including professionalism, social responsibility, ethical judgment, and accountability. The professional responsibilities of accountants are broad-based; they must serve clients and user groups whose needs, incentives, and goals may be in conflict. Further, accountants must interpret and apply codes of conduct, accounting and auditing principles, and securities regulations. Compliance with professional guidelines is judgment-based, and characteristics of the individual, the culture, and situations affect how these guidelines are interpreted and applied, as well as when they might be violated. Interactions between accountants, regulators, standard setters, and industries also have ethical components. Research into the nature of these interactions, resulting dilemmas, and how and why accountants resolve them, is the focus of this series. This title publishes annually.

Managerial Share Ownership and Operating Performance

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Author : Arifur Khan
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

Book Synopsis Managerial Share Ownership and Operating Performance by : Arifur Khan

Download or read book Managerial Share Ownership and Operating Performance written by Arifur Khan and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the relationship between managerial share ownership (MSO) and earnings as a measure of operating performance in Australia. To mitigate potential earnings management, we also use discretionary accrual adjusted earnings as an alternative measure of performance. We document a negative relation between MSO and performance followed by a positive relation. We suggest that these unique results are an artifact of certain Australian institutional features and imply that the ownership-performance relation is context-specific, with the wider corporate governance systems influencing the theorized incentive effects. We also posit that executive directors and independent directors have different ownership-performance incentives. Our results are consistent with this proposition and suggest that independent directors may be immune to the theorised incentive alignment or entrenchment effects associated with share ownership.

Institutional Ownership Stability and Real Earnings Management

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Author : Hamid Sakaki
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (13 download)

Book Synopsis Institutional Ownership Stability and Real Earnings Management by : Hamid Sakaki

Download or read book Institutional Ownership Stability and Real Earnings Management written by Hamid Sakaki and published by . This book was released on 2018 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the relationship between institutional ownership stability and real earnings management. Our findings indicate that firms held by more stable institutional owners experience lower real activities manipulation by limiting overproduction. We further examine how the stability in the shareholdings of pressure-sensitive and insensitive institutional investors affect target firms' use of real earnings management, respectively. Unlike pressure-sensitive institutional investors, the stability in the share ownership of pressure-insensitive institutional investors (i.e., investment advisors, pension funds and endowments) mitigates target firms' use of real earnings management. Overall, our results are consistent with the view that institutional investors presence acts as a monitor on target firms' use of real earnings manipulation activities.

The Impact of Institutional Ownership and Board Structure on Earnings Management and Acquisition Performance of S&P 500 Index Firms Around Their Addition to the Index and an Experimental Approach to Buyer's Brokerage

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Author : Muhammed Abdullah Sahin
Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.:/5 (711 download)

Book Synopsis The Impact of Institutional Ownership and Board Structure on Earnings Management and Acquisition Performance of S&P 500 Index Firms Around Their Addition to the Index and an Experimental Approach to Buyer's Brokerage by : Muhammed Abdullah Sahin

Download or read book The Impact of Institutional Ownership and Board Structure on Earnings Management and Acquisition Performance of S&P 500 Index Firms Around Their Addition to the Index and an Experimental Approach to Buyer's Brokerage written by Muhammed Abdullah Sahin and published by . This book was released on 2010 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors

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Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264116052
Total Pages : 78 pages
Book Rating : 4.2/5 (641 download)

Book Synopsis Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors by : OECD

Download or read book Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors written by OECD and published by OECD Publishing. This book was released on 2011-07-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.

Financial Crises and Earnings Management Behavior

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Author : Bruno Maria Franceschetti
Publisher : Springer
ISBN 13 : 3319541218
Total Pages : 168 pages
Book Rating : 4.3/5 (195 download)

Book Synopsis Financial Crises and Earnings Management Behavior by : Bruno Maria Franceschetti

Download or read book Financial Crises and Earnings Management Behavior written by Bruno Maria Franceschetti and published by Springer. This book was released on 2017-08-03 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book approaches the question of the relation between financial crises and earnings management from two philosophical perspectives: positivism and critical realism. The results obtained using the positivist approach indicate that financial crises tend to have no consistent effect on earnings quality since managers’ earnings behavior does not differ from the pre-crisis to the crisis period. The author accordingly argues against the existence of a causal law based on a constant conjunction model (i.e., whenever a financial crisis happens, earnings management occurs) and concludes that financial crises cannot be seen as the cause of earnings management. The critical realism perspective, on the other hand, casts light on managers’ reasons for acting like an earnings manager; in conjunction with the more traditional positivist approach, it assists in refuting the idea of financial crises as a generative mechanism for earnings management. The author concludes by exploring other structures at work that might be responsible for earnings management. This book will be of interest to both academics and a wide range of professionals.

Impact of Institutional Ownership on Earnings Management (Study on US Firms).

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Author : Ali Mohamed Niebo
Publisher :
ISBN 13 :
Total Pages : 158 pages
Book Rating : 4.:/5 (11 download)

Book Synopsis Impact of Institutional Ownership on Earnings Management (Study on US Firms). by : Ali Mohamed Niebo

Download or read book Impact of Institutional Ownership on Earnings Management (Study on US Firms). written by Ali Mohamed Niebo and published by . This book was released on 2017 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of Board Structure and Institutional Ownership on Earnings Management

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Author : Shi Yang Wong
Publisher :
ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (975 download)

Book Synopsis The Effect of Board Structure and Institutional Ownership on Earnings Management by : Shi Yang Wong

Download or read book The Effect of Board Structure and Institutional Ownership on Earnings Management written by Shi Yang Wong and published by . This book was released on 2006 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Association Between Institutional Ownership and Trading Volume Reaction to Annual Earnings Announcements

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Author : Siddharta Utama
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (366 download)

Book Synopsis The Association Between Institutional Ownership and Trading Volume Reaction to Annual Earnings Announcements by : Siddharta Utama

Download or read book The Association Between Institutional Ownership and Trading Volume Reaction to Annual Earnings Announcements written by Siddharta Utama and published by . This book was released on 1996 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: