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Corporate governance factors as predictors of earnings management
Journal of General Management Pub Date : 2019-12-31 , DOI: 10.1177/0306307019872304
Pratibha Wasan 1 , Kalyani Mulchandani 2
Affiliation  

Unlike developed markets, emerging markets like India have greater imperfections, have information asymmetry, and are particularly different in terms of accounting transparency, corruption, and corporate governance (CG). Also, concentrated ownership structure of Indian firms is more conducive for opportunistic earnings management (EM). There has been high incidence of financial frauds and EM in India particularly through related party transactions. The CG regulations were revised and enhanced in the year 2014 but increasing cases of financial frauds and CG violations indicate insufficiency of CG laws in the country. Linking CG to financial information in a context where investor protection laws are still evolving is important. The contributions of the present study are: first, it assesses earnings quality (EQ) as a key outcome of EM to confirm, in the Indian context, one of the two opposing perspectives of EM, namely opportunistic and informational. Second, it creates empirical evidence on those firm attributes and CG mechanisms which can predict EQ for investors in India. Third, it provides inputs on the effectiveness of the revised regulations in controlling EM, and finally, it puts forward theoretical rationale for EM and CG practices in India.

中文翻译:

公司治理因素作为盈余管理的预测因素

与发达市场不同,印度等新兴市场存在更大的不完善之处,信息不对称,尤其在会计透明度、腐败和公司治理(CG)方面存在差异。此外,印度公司集中的股权结构更有利于机会主义盈余管理(EM)。在印度,金融欺诈和新兴市场的发生率很高,特别是通过关联方交易。公司治理法规在 2014 年进行了修订和加强,但越来越多的财务欺诈和公司治理违规案件表明该国公司治理法律的不足。在投资者保护法仍在不断发展的背景下,将企业治理与财务信息联系起来很重要。本研究的贡献是:首先,它评估盈利质量 (EQ) 作为 EM 的一个关键结果,以确认,在印度语境中,这是 EM 的两个对立观点之一,即机会主义和信息主义。其次,它为那些可以预测印度投资者情商的公司属性和公司治理机制提供了经验证据。第三,它为修订后的法规在控制 EM 方面的有效性提供了输入,最后,它提出了印度 EM 和 CG 实践的理论依据。
更新日期:2019-12-31
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