Abstract

http://ssrn.com/abstract=333916
 
 

References (29)



 
 

Citations (22)



 


 



Managerial Ownership, Information Content of Earnings, and Discretionary Accruals in a Non-US Setting


Gorm Gabrielsen


Copenhagen Business School

Jeffrey D. Gramlich


University of Southern Maine - School of Business

Thomas Plenborg


Copenhagen Business School


Journal of Business Finance & Accounting, Vol. 29, pp. 967-988, 2002

Abstract:     
This study employs Danish data to examine the empirical relationship between the proportion of managerial ownership and two characteristics of accounting earnings: the information content of earnings and the magnitude of discretionary accruals. In previous research concerning American firms, Warfield et al. (1995) document a positive relationship between managerial ownership and the information content of earnings, and a negative relationship between managerial ownership and discretionary accruals. We question the generality of the Warfield et al. result, as the ownership structure found in most other countries, including Denmark, deviates from the US ownership configuration. In fact, Danish data indicate that the information content of earnings is inversely related to managerial ownership.

Number of Pages in PDF File: 22

JEL Classification: M41, M47, G32, G12

Accepted Paper Series





Date posted: January 26, 2003  

Suggested Citation

Gabrielsen, Gorm and Gramlich, Jeffrey D. and Plenborg, Thomas, Managerial Ownership, Information Content of Earnings, and Discretionary Accruals in a Non-US Setting. Journal of Business Finance & Accounting, Vol. 29, pp. 967-988, 2002. Available at SSRN: http://ssrn.com/abstract=333916

Contact Information

Gorm Gabrielsen
Copenhagen Business School ( email )
Statistics Group
Solbjerg Plads 3
DK - 2000 Frederiksberg
Denmark
+45 38153512 (Phone)
+45 38153500 (Fax)
Jeffrey D. Gramlich
University of Southern Maine - School of Business ( email )
P.O. Box 9300
Portland, ME 04104
United States
Thomas Plenborg (Contact Author)
Copenhagen Business School ( email )
Department of Accounting & Auditing
Solbjerg Plads 3
DK - 2000 Frederiksberg
Denmark
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References:  29
Citations:  22

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