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Earnings Management Following Duality-Creating Successions: Ethnostatistics, Impression Management and Agency TheoryWallace N. Davidson IIISouthern Illinois University at Carbondale - Department of Finance Pornsit JirapornPennsylvania State University - SGPS; National Institute of Development Administration (NIDA), Bangkok, Thailand Young Sang KimNorthern Kentucky University - Haile/US Bank College of Business Carol NemecSouthern Oregon University - School of Business Academy of Management Journal, Vol. 47, April 2004 Abstract: Impression and earnings management were explored via reasoning and methods grounded in ethnostatistics and agency theory. We hypothesized that earnings management occurs more frequently following duality-creating successions than otherwise because CEO-chairs have greater control of the impressions created by their firms' financial reports and are operating under greater expectations of positive results. Using a sample of 173 duality-creating succession announcements and 112 non-duality-creating succession announcements, we obtained empirical results consistent with these predictions.
Keywords: Earnings management, duality, agency theory JEL Classification: G30, G34 Accepted Paper SeriesDate posted: February 16, 2005Suggested CitationContact Information
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