Title
The conditional nature of board characteristics in constraining earnings management in private family firms The conditional nature of board characteristics in constraining earnings management in private family firms
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Subject
Economics
Source (journal)
Journal of family business strategy
Volume/pages
4(2013) :2 , p. 84-92
ISSN
1877-8585
vabb
c:vabb:344105
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Abstract
The goal of this article is to examine the influence of the board of directors in constraining earnings management in private family firms. We build further on the premise that corporate governance is conditional in nature. Specifically, we propose that the effect of the proportion of outside directors and CEO duality on earnings management is stronger when the family firm faces significant agency problems. Our results find support for the fact that, conditional on the presence of agency conflicts between controlling and noncontrolling shareholders, a higher proportion of outside directors and CEO nonduality may have a constraining effect on earnings management. This is in support of our argument that the relationship between board characteristics and earnings management is moderated by the potential presence of agency conflicts.
E-info
https://repository.uantwerpen.be/docman/iruaauth/6dd395/10a54064d5e.pdf
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