教師資料查詢 | 類別: 期刊論文 | 教師: 湯惠雯 Hui-wen Tang (瀏覽個人網頁)

標題:How do market power and industry competition influence the effect of corporate governance on earnings management?
學年108
學期2
出版(發表)日期2020/02/10
作品名稱How do market power and industry competition influence the effect of corporate governance on earnings management?
作品名稱(其他語言)
著者Hui-wen Tang; Anlin Chen.
單位
出版者
著錄名稱、卷期、頁數The Quarterly Review of Economics and Finance
摘要Previous studies on the relationship between corporate governance and earnings management have shown different results. This study explores how market power and industry competition influence the effect of corporate governance on earnings management in Taiwan. Industry competition is an industry-level measure for the competition among firms. Firm market power is a firm-level measure for the power to compete with external competition. We discover that firms with low market power and those faced with intense market competition are more likely to engage in earnings management. Market power demonstrates a more significant effect than industry competition on managerial earnings manipulation. Moreover, when market power is weak or industry competition is fierce, corporate governance cannot mitigate earnings management. Regression results considering the interaction between market power and industry competition reveals a stronger effect of corporate governance on earnings management than those evaluated based on market power or industry competition alone. Our findings provide a possible explanation for the different relationship between corporate governance and earnings management.
關鍵字Corporate governance;Earnings management;Industry competition; Market power;Product market competition;Real earnings management
語言英文
ISSN1062-9769
期刊性質國外
收錄於
產學合作
通訊作者Hui-wen Tang
審稿制度
國別美國
公開徵稿
出版型式,電子版
相關連結
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