Concentration de l'actionnariat, séparation des droits de vote et des droits de propriété et gestion des bénéfices: Une étude empirique canadienne

Abstract

Drawing from models of Jones (1991) and Kothari, Leone, and Wasley (2005), this study examines the relationship between Canadian corporate ownership structure and earnings management from 1995 to1999. There is evidence of a nonmonotonic relationship. The concentration of voting and cash flow rights with the ultimate owner first increases earnings management, but as the level of ownership concentration increases, earnings management decreases. There is also a positive correlation between earnings management and voting and cash flow rights divergence. This is particularly evident when the gap between voting and cash flow rights is high. Copyright © 2008 ASAC. Published by John Wiley & Sons, Ltd.

An analysis of the effect of mandatory adoption of IAS/IFRS on earnings management

“…These authors show that earnings management incentives for French firms are specifically linked to contractual debt costs. On the other hand, supervision by the creditors may also allow for better governance and thus contribute to the reduction of managers' flexibility when it comes to managing earnings (Bozec, 2008). Therefore, in our study, we expect that the level of earnings management, after adopting IAS/IFRS, is related to the company's debt levels.…”

“…In fact, some studies have found a positive relationship between company size and financial statement reliability (Bédard et al, 2004;McMullen, 1996). In addition, large firms usually produce more information of better quality than smaller companies and their activities are monitored more closely by financial analysts, which could limit the earnings management (Bozec, 2008). Therefore, in our research, we expect that the level of earnings management, after adopting IAS/IFRS, is linked to the company's size.…”

“…A wide literature has addressed the issue of the impact of corporate governance mechanisms on earnings management (Bédard, Chtourou, & Courteau, 2004;Bozec, 2008;Jaggi & Leung, 2007;Jiraporn & Gleason, 2007;Peasnell, Pope, & Young, 2005;Xie, Davidson, & Dadalt, 2003).…”

The Influence of a Company’s Ownership Structure on Upward Real Earnings Management

“…Ding et al [19] provided evidence that the link between magnitude of earnings management of Chinese companies and ownership concentration can be described by an inverted U-shaped model. Bozec [46] provided evidence that there is a nonmonotonic relationship between ownership structures and earnings management. The ownership concentration of the supreme owner at first stage increases earnings management, but as the level of ownership concentration increases, earnings management is reduced.…”

The Impact of Audit Committee Characteristics on Earnings Management: A Canadian Case Study

“…This variable was used by Bozec (2008); Ding et al (2007); et Liu et Lu (2007) who argue that the concentration of ownership decreases earnings management. Also, a study conducted by Rao et Lee-Sing (1995) showed that 55% of Canadian companies are controlled by dominating shareholders; therefore it is important to control for the concentration of ownership…”