The effect of the board structure on earnings management: evidence from Portugal

Alves, Sandra

doi:10.1108/19852511111173103

Cited by 53 publications

(24 citation statements)

References 63 publications

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“…Concerning control variables, the result shows that a larger board size results in greater financial stability, which agrees with Geraldes- Alves (2011), who observed that boards with more directors are related to improved or goodquality reporting measured by the EM proxy. The results also show that financial stability is greater in firms with more concentrated ownership.…”

Section: Resultssupporting

confidence: 86%

“…The results also show that financial stability is greater in firms with more concentrated ownership. Geraldes- Alves (2011) and Alves (2012) discovered a similar result with the reporting quality, measured by EM. The findings suggest that firms with a large ROA ratio are more likely to be financially stable, as are firms in the manufacturing sector.…”

Section: Resultssupporting

confidence: 59%

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Gender Diversity and Financial Stability: Evidence from Malaysian Listed Firms

Al-Absy¹,

Almaamari²,

Alkadash³

et al. 2020

JAFEB

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This study examines the relationship between gender diversity (women on the board and women on the audit committee) and a firm's financial stability. The ordinary least square analysis was used to determine the relationship. To measure the financial stability of Malaysian suspect firms, i.e., firms with the lowest positive earnings, the Altman (1993) Z-Score measurement was utilized. The results indicate that women on the board are significantly and negatively associated with the firm's financial stability. That is, they are related to low financial stability, which contradicts the agency and resource dependence theories. Regarding women directors on the audit committee, there is no significant relationship with financial stability, meaning that they cannot protect the company against financial distress. These results are robust and do not change when using different measurements of gender diversity, one-year lag of independent variables, and other methods of analysis, namely random effect panel data. This study is the first to alert policymakers, stakeholders, researchers, and society in general to the need to re-evaluate and strengthen the role of women directors in improving firms' financial stability, particularly in emerging economies like Malaysia.

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Section: Resultssupporting

confidence: 86%

Section: Resultssupporting

confidence: 59%

Gender Diversity and Financial Stability: Evidence from Malaysian Listed Firms

Al-Absy¹,

Almaamari²,

Alkadash³

et al. 2020

JAFEB

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“…This result leads to validate the H1 hypothesis. Moreover, this result is consistent with that of Gonzalez andGarcia-Meca (2013), Alexander andPaquerot, (2011) and Alves (2012).…”

Section: Testing Panel Datasupporting

confidence: 82%

Corporate Governance and Book-Tax Differences: Tunisian Evidence

Dridi¹,

Boubaker²

2015

IJEF

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This paper's main objective is to examine the effect of corporate governance on earnings manipulations using BTD proxy. We investigate whether ownership structure board and audit committee characters affect earnings and tax management. Based on a sample of 21 corporations listed on Tunisian stock market during the period 2003-2012, our study employs regression analysis to test the prediction that the governance attributes reduces the likelihood of earnings and tax aggressiveness. We find that the ownership structure is an important corporate governance mechanism that affects BTD. We find that BTD does not vary with board size and the cumulative effect of the function of chief executive and president of the board. We find that the percentage of outside directors is associated with managerial discretion. Finally, we find that the audit committee influences ABTD through the variable relating to the financial expertise of the committee.

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“…(Ahmed Sheikh et al , 2013). Geraldes Alves (2011) predicted a non-linear relationship between board size and earnings management. Kumar and Singh (2013) found a negative relationship between board size and firm value in the Indian context.…”

Section: Literature Reviewmentioning

confidence: 99%

Board characteristics and firm value for Indian companies

Mishra

Kapil

2018

JIBR

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Purpose This paper aims to explore the relationship between board characteristics and firm performance for Indian companies. Design/methodology/approach Corporate governance structures of 391 Indian companies out of CNX 500 companies listed on National Stock Exchange have been studied for their impact on performance of companies. Panel data regression methodology has been used on data for five financial years from 2010 to 2014 for the selected companies. Performance measures considered are market-based measure (Tobin’s Q) and accounting-based measure (return on asset [ROA]). Findings The empirical findings indicate that the market-based measure (Tobin’s Q) is more impacted by corporate governance than the accounting-based measure (ROA). There is a significant positive association between board size and firm performance. Board independence is found significantly related to firm performance. Number of board meetings is found to be sending positive signal to the market creating firm value. Separation of chief executive officer and chairman of the board is found to be value-creating, and overburdened directors affect firm performance adversely. Research limitations/implications Limitations of the study are in terms of methodology and possible omission of some variables. It is understood that the qualitative dynamics happening inside board meetings impact corporate performance. The strategic decision-making process adopted by the boards to fight competition or to increase market share is not easily available in public domain. The decision-making processes and monitoring for implementation of those decisions could impact corporate governance performance relationship. These parameters and their impact on corporate performance are not covered under the scope of the present study. Originality/value The paper adds to the emerging body of literature on corporate governance performance relationship in the Indian context by using a reasonably wider and newer data set.

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The effect of the board structure on earnings management: evidence from Portugal

Cited by 53 publications

References 63 publications

Gender Diversity and Financial Stability: Evidence from Malaysian Listed Firms

Gender Diversity and Financial Stability: Evidence from Malaysian Listed Firms

Corporate Governance and Book-Tax Differences: Tunisian Evidence

Board characteristics and firm value for Indian companies

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