The Impact of Ownership Structure and Corporate Governance on the Choice of Earnings Management

• Main Authors: Lee,Li-Feng, 李麗芬
• Other Authors: 吳明政
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/n87f9h

博士 === 國立彰化師範大學 === 財務金融技術學系 === 106 === This paper explores the impact of ownership structure and corporate governance on the choice of accruals-based earnings management, real earnings management and stock repurchase (a form of real earnings management mechanism). The empirical results show that family firms more likely engage in accruals-based earnings management and decrease the use of other real earnings. The corporate governance special audit quality is positively associated with both accruals-based and real earnings management, but not independent directors. Finally, the evidence in the paper shows that family firms is negatively associated with stock repurchase. Audit quality and independent directors will not have impacts on stock repurchase decision.