Ownership structure and earnings management in emerging markets—An institutionalized agency perspective

Bao, Shuji; Lewellyn, Krista

doi:10.1016/j.ibusrev.2017.02.002

Cited by 124 publications

(130 citation statements)

References 90 publications

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“…Financial variables represent firm financial characteristics such as leverage, total assets, operating cash flow, and current profit or loss, that are likely associated with the dependent variable [26][27][28][29][30][31][32][33][34]. The non-financial variables include the largest shareholder, whether the firm is state-owned, frequency of board meetings, and whether the audit firm is a big four audit firm [35][36][37][38][39][40][41]. The specific definitions of the variables are shown in Table 1.…”

Section: Mode and Description Of Variablesmentioning

confidence: 99%

Improving Sustainability through a Dual Audit System

2018

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Abstract:As a consequence of a large-scale accounting fraud, China implemented a dual audit system for listed companies issuing foreign stocks (B shares and H shares) from 2001 to 2006, before adopting Chinese-IFRS in 2007. At the end of 2010, the EU proposed that listed corporations over a certain size should be required to implement a joint audit system. However, only a few countries have implemented this system, and thus, data and references are extremely limited. The dual audit system is called the "twin" of the joint audit system. We analyze whether the dual system improves a company's earnings quality. Earnings quality is studied by means of real earnings management, and the variable of loss aversion. We find that real earnings management of dual audited enterprises is lower than that of single audited (A-share) enterprises, and the inclination toward loss aversion of enterprises in the foreign share market has not increased significantly relative to the A-share enterprises after the abolition of the dual audit system. The results indicate that a dual audit system improves earnings quality. We expect that the conclusions of this research will resolve the issues and concerns about the joint audit system.

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Section: Mode and Description Of Variablesmentioning

confidence: 99%

Improving Sustainability through a Dual Audit System

2018

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“…Not surprisingly, there is increasing interest to research emerging economies. For instance, Halil and Simsek (2017) looked at the US-based emerging market mutual funds, and Bao and Lewellyn (2017) examined the ownership structure and earnings management in emerging markets. There are special issues in the journals ( for instance, Faisal Ahammad et al, 2017) and research centers in many business schools (e.g.…”

Section: Guest Editorialmentioning

confidence: 99%

Social media and business practices in emerging markets: still unexplored

Ilavarasan

Kar

Gupta

2018

JAMR

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

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“…Poucos indivíduos com maior participação têm mais inventivos para se preocupar com seus interesses e, portanto, monitorar a gestão dos assuntos da empresa. Sendo assim, os gestores de empresas altamente concentradas tendem a ser altamente monitorados (Usman & Yero, 2012;Bao & Lewellyn, 2017).…”

Section: Concentração Acionáriaunclassified

“…Isso justifica ações e custos associados ao monitoramento dos acionistas controladores e dos gestores. Portanto, em comparação com outros investidores, os institucionais possuem melhores recursos para coletar informações mais confiáveis, inclusive sobre as expectativas de resultados (Kouaib & Jarboui, 2014;Bao & Lewellyn, 2017).…”

Section: Investidores Institucionaisunclassified

Determinantes da Qualidade da Informação Contábil em Grandes Companhias Abertas Listadas na BM&FBOVESPA

Moura

Zanchi

Mazzioni

et al. 2017

REPeC

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ResumoObjetivo: Identificar os fatores que influenciam na qualidade da informação contábil das maiores empresas listadas na BM&Bovespa. Método: Pesquisa realizada em uma amostra composta por 100 companhias abertas. A qualidade da informação foi analisada por meio de um índice desenvolvido por Fathi (2013), composto por 78 itens e que contemplam informações obrigatórias e voluntárias. Os fatores determinantes observados foram governança corporativa, empresa de auditoria, existência de comitê de auditoria, concentração acionária, investidores institucionais e internacionalização da empresa. Resultados: Os resultados revelaram um índice médio de evidenciação equivalente a 78%. A maioria das companhias estavam listadas em níveis diferenciados de governança; eram auditadas por big four e possuíam Comitê de Auditoria. O percentual médio de concentração acionária foi 41,37%; em 44% delas havia investidores institucionais no quadro acionário; e apenas 19% negociavam ações em bolsa americana. Em relação aos fatores determinantes, verificou-se que o fato de a empresa ser auditada por big four; possuir Comitê de Auditoria; possuir participação acionária de investidores institucionais; e negociar ações em bolsa americana reflete-se em informações divulgadas de melhor qualidade. Contribuições: Os achados fornecem evidências adicionais para a literatura existente, além de serem relevantes para os diversos usuários das informações contábeis, tais como analistas e investidores. Palavras-chave: Determinantes; Qualidade da informação contábil; Grandes companhias abertas listadas na BM&FBovespa.Determinantes da qualidade da informação contábil em grandes companhias abertas listadas na BM&FBOVESPA REPeC, Brasília, v. 11, n. 3, art. 5, p. 329-346, jul./set. 2017 Disponível online em www.repec.org.br

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Ownership structure and earnings management in emerging markets—An institutionalized agency perspective

Cited by 124 publications

References 90 publications

Improving Sustainability through a Dual Audit System

Improving Sustainability through a Dual Audit System

Social media and business practices in emerging markets: still unexplored

Determinantes da Qualidade da Informação Contábil em Grandes Companhias Abertas Listadas na BM&FBOVESPA

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