Boards, takeover protection, and real earnings management

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

33 Scopus Citations
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Original languageEnglish
Pages (from-to)651 - 682
Journal / PublicationReview of Quantitative Finance and Accounting
Volume43
Issue number4
Publication statusPublished - 1 Nov 2014

Abstract

Corporate accounting scandals during the early 2000s made stringent corporate governance and disclosure measures necessary. Regulatory emphasis shifted toward ensuring reliability of accounting numbers, which reduced the potential for accounting manipulation. Managers who are subject to significant performance pressure from shareholders and analysts now potentially have to resort to real earnings management.