An investigation of factors influencing the association between top management ownership and earnings management
Hutchinson, Marion R. & Leung, Sidney (2007) An investigation of factors influencing the association between top management ownership and earnings management. Journal of Contemporary Accounting and Economics, 3(2), p. 130.
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This study conjectures and shows that the level of stock ownership by top management is non-monotonically associated with managers’ propensity to manage earnings. Increasing ownership from low levels decreases earnings management while ownership at high levels increases earnings management. Further, this study attempts to discern when the effects of management ownership are more salient for the firm. The results of this exploratory analysis of 15,945 firm observations over a six-year period show that the non-monotonic association between top management ownership and earnings management is significant, and hence more important, for the firm characteristics of low growth opportunities, high operating volatility, small size, frequent losses, high-technology, and low institutional ownership.
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|Item Type:||Journal Article|
|Additional Information:||Access to the author-version is currently restricted pending permission from the publisher. For more information, please refer to the journal's website (see hypertext link) or contact the author.|
|Keywords:||management ownership, earnings management, discretionary accruals, firm characteristics|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2007 Journal of Contemporary Accounting and Economics|
|Deposited On:||09 Apr 2008|
|Last Modified:||29 Feb 2012 23:33|
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