期刊論文
| 學年 | 109 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2020-11-01 |
| 作品名稱 | How do market power and industry competition influence the effect of corporate governance on earnings management? |
| 作品名稱（其他語言） | |
| 著者 | Hui-wen Tang; Anlin Chen |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | The Quarterly Review of Economics and Finance 78, p.212-225 |
| 摘要 | Previous studies on the relationship between corporate governance and earnings management have shown different results. This study explores how market power and industry competition influence the effect of corporate governance on earnings management in Taiwan. Industry competition is an industry-level measure for the competition among firms. Firm market power is a firm-level measure for the power to compete with external competition. We discover that firms with low market power and those faced with intense market competition are more likely to engage in earnings management. Market power demonstrates a more significant effect than industry competition on managerial earnings manipulation. Moreover, when market power is weak or industry competition is fierce, corporate governance cannot mitigate earnings management. Regression results considering the interaction between market power and industry competition reveals a stronger effect of corporate governance on earnings management than those evaluated based on market power or industry competition alone. Our findings provide a possible explanation for the different relationship between corporate governance and earnings management. |
| 關鍵字 | Corporate governance;Earnings management;Industry competition; Market power;Product market competition;Real earnings management |
| 語言 | en |
| ISSN | 1062-9769 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Hui-wen Tang |
| 審稿制度 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/118140 ) |