Corporate governance and profit manipulation: a French field study

Lambert, Caroline; Sponem, Samuel

doi:10.1016/j.cpa.2003.08.008

Cited by 62 publications

(46 citation statements)

References 32 publications

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“…Countries and companies compete on the price and quality of their goods and services, and compete for financial resources in global financial markets. These global market pressures, to a certain extent, are driving many countries (in particular emerging and less developed) to change and conform to the so-called 'international benchmark' of corporate governance practices (predominantly based on the Anglo-American models) (see Uddin and Choudhury, forthcoming;Lambert and Sponem, 2005;Beeson, 2001;Economist, 2000;Millstein, 2000).…”

Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

“…Consequently, the model of governance adopted and implemented in Malaysia after the 1997/1998 crisis was the easily accessible and so-called 'internationally accepted' AngloAmerican regimes (Liew, 2007;Ow-Yong and Cheah, 2000). However, it remains open to doubt as to whether the globally-favoured Anglo-American corporate governance codes and practices deliver the promised levels of accountability and transparency (Uddin and Choudhury, forthcoming;Singh and Zammit, 2006;Lambert and Sponem, 2005), let alone whether there is a relationship between such systems and levels or quality of organisational and economic performance (see Moxey, 2004). For example, Lambert and Sponem (2005) argued that the spread of Anglo-American corporate governance model in French companies (with the increase in shareholder pressure) has resulted in a rise in the practice of profit manipulation and a reduction in the relevance of financial statements.…”

Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

“…However, it remains open to doubt as to whether the globally-favoured Anglo-American corporate governance codes and practices deliver the promised levels of accountability and transparency (Uddin and Choudhury, forthcoming;Singh and Zammit, 2006;Lambert and Sponem, 2005), let alone whether there is a relationship between such systems and levels or quality of organisational and economic performance (see Moxey, 2004). For example, Lambert and Sponem (2005) argued that the spread of Anglo-American corporate governance model in French companies (with the increase in shareholder pressure) has resulted in a rise in the practice of profit manipulation and a reduction in the relevance of financial statements. Therefore, this paper examines and questions the roles of corporate governance reforms (based on the AngloAmerican models) in a developing country like Malaysia.…”

Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

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The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners

Liew¹

2008

Research in Accounting in Emerging Economies

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Purpose -The purpose of this paper is to understand the roles of corporate governance reforms in Malaysia following the 1997/1998 Asian crisis from the perspectives of corporate managers.Design/methodology/approach -The primary evidence used is drawn from a series of indepth semi-structured interviews with Malaysian corporate managers involved in the overseeing of the governance structures within their companies.Findings -This study shows that most interviewees believed that an appropriate corporate governance system could play a role in resolving the problems associated with the interlocking and concentrated corporate ownership structure in Malaysia. However, the effectiveness of the corporate governance reforms in dealing with this issue is questionable. It also reveals that Malaysian companies 'changed' their corporate governance practices predominantly to recover (foreign) investor confidence lost during the crisis and to fulfil the legal requirements enforced by the government, where the latter was under pressure from the international community (especially, the World Bank and IMF) to 'improve' the Malaysian corporate governance practices after the crisis.Originality/value of paper -This paper adds to the literature on corporate governance, especially in the context of developing countries. Prior research investigating corporate governance issues in developing countries has been limited, particularly the lack of in-depth examination of corporate governance practices from the perspectives of corporate managers. This paper will be of great value to researchers and practitioners seeking to gain a better understanding of the roles of corporate governance in Malaysia.

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Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

Section: Globalisation and The Emergence Of Corporate Governance Refomentioning

confidence: 99%

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The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners

Liew¹

2008

Research in Accounting in Emerging Economies

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“…The third theme we identified relates to fallacies in current accounting-related theories such as the Capital Asset Pricing Model (McGoun, 1993), the Efficient Market Hypothesis (Rosen, 1990;Soufian, Forbes & Hudson, 2014), mainstream finance theory (Hudson et al, 1999;Coleman, 2014), Positive Accounting Theory (Martens & Stevens, 1993;Neu & Simmons, 1996;Milne, 2002;Chabrak, 2005;Lambert & Sponem, 2005), principal-agent theory (Ogden, 1993;Chwastiak, 1999;Mihret, 2014), as well as individual accounting measures (Jensen, 1990;McGoun, 1990). …”

Section: Legitimating Accounting Theoriesmentioning

confidence: 99%

A case study of critique: Critical perspectives on critical accounting

Dillard

Vinnari

2017

Critical Perspectives on Accounting

115

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As accounting academics, we have a responsibility to act in the public interest as conscience, critic and counselor of society regarding economic, social and environmental justice. In fulfilling this responsibility, we are concerned with how accounting, accountants, and accountability regimes can facilitate democracy by serving the needs of pluralistic communities, giving particular attention to the various underserved constituencies. Informed by Flyvbjerg's (2001) notion of phronetic social science research that matters, we reviewed 353 articles published in Critical Perspectives on Accounting from 1990 to 2014 identifying the focal constituency(s), the injustice(s) addressed, the groups or institutions responsible for the injustice as well as the proposals for social and political praxis outlined in the studies. Our review indicates that generally the studies identify a somewhat focused, though salient and appropriate, set of economic, social and/or environmental injustices experienced by various constituencies, and to some extent, the studies consider the context and conditions that perpetuate the inequality and injustices. However, as the field matures, there is a need for more robust development of the social and political implications of critical accounting research and for articulating the ideas and implications as action programs. Further, our review suggests that several relevant constituencies such as non-human animals, children, future generations, developing nations, and gender and sex/uality minorities have received little or no attention in the current literature.

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“…This means that the person sent by the finance division is no more welcome in the operational departments than the external auditor in the very same finance division: each person is careful not to disclose any information that might put their superior (or junior) in difficulty without prior consent, which would be perceived as a form of denunciation. This leads certain business partner-style management controllers who are strongly involved in the business units to collude with managers to subvert hierarchical control (Lambert and Sponem, 2005;Lambert and Sponem, 2012).…”

Section: The Ambivalence Of Controlmentioning

confidence: 99%

The Role of the Management Accountant

Goretzki¹,

Strauß

2017

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In France, management accountants do not form an officially recognized profession, and their careers follow many diverse trajectories, with positioning that is open-ended but also fragile in relation to operational staff and other related functions (such as IT or quality). In this chapter we show that the specificities of the French "pattern of action" and the historical dynamics of the function's emergence help to shape the challenges and opportunities facing management accountants in France today.

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Corporate governance and profit manipulation: a French field study

Cited by 62 publications

References 32 publications

The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners

The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners

A case study of critique: Critical perspectives on critical accounting

The Role of the Management Accountant

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