Governance mechanisms and earnings management practices: evidence from Egypt

Autor:	Ahmed Abousamak, Tamer Mohamed Shahwan
Rok vydání:	2018
Předmět:	Auditor's report Leverage (finance) Index (economics) business.industry Corporate governance 05 social sciences Accounting State ownership Earnings management Investor relations 0502 economics and business 050211 marketing business 050203 business & management Panel data
Zdroj:	International Journal of Corporate Governance. 9:316
ISSN:	1754-3045 1754-3037
DOI:	10.1504/ijcg.2018.10015594
Popis:	This study develops an aggregate corporate governance index (ACGINX) composed of four individual corporate governance (CG) indices - disclosure and transparency index, board of directors index (BoDINX), shareholders' rights and investor relations index and ownership and control structure index - to investigate the assumed effect of each sub-index and the ACGINX on mitigating the practices of earnings management in the Egyptian context during 2008-2016. In addition to the effect of board size, institutional ownership, and ownership concentration, the current study executes panel data analysis to regress the practices of earnings management on the above-mentioned CG mechanisms. It does so after controlling for seven variables that may affect this relationship, i.e., firm size, leverage, state ownership, losses, book-market ratio, type of audit report, and year effect. The results are inconclusive, showing traded-off significant relationships among control variables and earnings management practices assessed via different earnings management measures.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5ce8ded6fe3d1fb85d1c59df4c12d56e https://doi.org/10.1504/ijcg.2018.10015594 Zobrazit plný text záznamu