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http://hdl.handle.net/11531/29568
Título : | Firm- and Country-Level Attributes as Determinants of Earnings Management: An Analysis for Latin American Firms |
Autor : | Saona Hoffmann, Paolo Rodrigo Muro, Laura |
Fecha de publicación : | 1-ago-2018 |
Resumen : | Ver resumen en inglés This article analyzes firm- and country-level determinants of the earnings management for a sample of Latin American companies from 1997 to 2015 by using panel data to deal with the endogeneity and heterogeneity problems. Results show that dividend pay-outs impact positively on earnings management. The ownership structure, however, is a double-edged sword as a controlling mechanism that may constrain earnings manipulation but may also exacerbate it. Concerning country-level variables, we found that the development of the financial system behaved opposite of expectation. Consequently, before inefficient financial markets in Latin America, managers had more room for manipulation of financial statements. The legal and regulatory system, however, proved itself to be efficient in reducing the opportunistic behavior of managers. |
Descripción : | Artículos en revistas |
URI : | http://hdl.handle.net/11531/29568 |
ISSN : | 1540-496X |
Aparece en las colecciones: | Artículos |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
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saona29.pdf | 594,75 kB | Adobe PDF | Visualizar/Abrir |
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