题名

Corporate Governance and Income Smoothing Propensity

DOI

10.6293/AQAFA.2010.08.11

作者

Liona Lai

关键词

Corporate governance ; Income smoothing ; Cash flow ; Accrual

期刊名称

Advances in Quantitative Analysis of Finance and Accounting

卷期/出版年月

8期(2010 / 06 / 01)

页次

251 - 288

内容语文

英文

英文摘要

We use a new empirical approach to investigate the effects of corporate governance on firms' income-smoothing propensity. Extending a model by Dechow (1994), we use a regression framework to examine the negative relationship between the changes in accruals and cash flows and how it is affected by corporate governance mechanisms. Results show that board structure variables are robustly associated with income smoothing while audit quality variables and ownership structure variables are not. Specifically, firms with boards of directors that consist of more outside directors, meet more frequently, are smaller and have less influential CEOs are less inclined to smooth income.

主题分类 社會科學 > 經濟學
社會科學 > 財金及會計學
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被引用次数
  1. Mark Kohlbeck,Avishek Bhandari(2018).IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES ON ANALYSTS' BEHAVIOR.Advances in Quantitative Analysis of Finance and Accounting,16,73-116.