Article2013

Corporate Governance and Conservatism

26 citations0/0 files storedRePEc: Research Papers in Economics

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Auditing, Earnings Management, Governance Corporate Finance and Governance Corporate Governance and Financial Management

Abstract

Abstract The purpose of this research is investigating the effects of strong corporate governance mechanisms on financial reporting conservatism of companies listed in Tehran Stock Exchange. Khan and Watts (2009) and Givoly and Hayn (2000) models are used as measure of conservatism. Also simultaneously existence of three corporate governance mechanisms are used as determinant of strong corporate governance, these mechanisms are: institutional ownership, CEO/Chair duality and lower percentage of inside directors than the median firm in the sample. The results of investigating a sample of 720 firm-years during the years of 2002 to 2011 of companies listed in Tehran Stock Exchange shows positive and significant relation between corporate governance mechanisms and conservatism. These results confirm complementary approach about the relation between corporate governance mechanisms and conservatism, in other words, strong corporate governance mechanisms increase conservatism in financial reporting.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems 1986Large Shareholders and Corporate Control 1933The Modern Corporation and Private Property 1985Positive Accounting Theory 1990Additional evidence on equity ownership and corporate value 1997The conservatism principle and the asymmetric timeliness of earnings1 1992The investment opportunity set and corporate financing, dividend, and compensation policies

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2017PENGARUH KOMISARIS INDEPENDEN, KOMITE AUDIT, DAN FINANCIAL DISTRESS TERHADAP INTEGRITAS LAPORAN KEUANGAN 2015The influence of corporate governance and ownership concentration on the timeliness of financial reporting in Jordan 2016Accounting Conservatism Alleviates Firm’s Investment Efficiency: An Evidence from China 2014Does Corporate Governance Matter? Evidence from Accounting Conservatism Practices among Jordanian Listed Companies

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