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Family control, board independence and earnings management: Evidence based on Hong Kong firms
journal contribution
posted on 2009-07-01, 00:00 authored by B Jaggi, S Leung, Ferdinand GulFerdinand GulIn this study, we document that independent corporate boards of Hong Kong firms provide effective monitoring of earnings management, which suggests that despite differences in institutional environments, corporate board independence is important to ensure high-quality financial reporting. The findings also show that the monitoring effectiveness of corporate boards is moderated in family-controlled firms, either through ownership concentration or the presence of family members on corporate boards. The results based on firms reporting small earnings increases provide additional support for our finding that the monitoring effectiveness of independent corporate boards is moderated in family-controlled firms. © 2009 Elsevier Inc. All rights reserved.
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Journal
Journal of Accounting and Public PolicyVolume
28Issue
4Pagination
281 - 300Publisher DOI
ISSN
0278-4254Publication classification
C Journal article; C1.1 Refereed article in a scholarly journalCopyright notice
2009, ElsevierUsage metrics
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