Ownership Structure and Earnings Quality Pre- and Post-IFRS: Does Investor Protection Matter?

IF 0.8 Q4 BUSINESS, FINANCE

Asian Journal of Business and Accounting Pub Date : 2020-06-26 DOI:10.22452/ajba.vol13no1.4

S. A. Alhadi, R. Senik, Jalila Johari, H. S. Nahar

引用次数: 3

Abstract

This study investigates whether managerial and institutional ownership is associated with higher earnings quality (EQ) after the implementation of International Financial Reporting Standards (IFRS), compared to the pre-IFRS period. It also examines the moderating effect of investor protection (INPT) on the link between ownership structure and EQ. The study used a dynamic panel data modelling on the sample of 2090 firm-year observations from 2007–2016 in Malaysia. This study applies the Generalized Method of Moments (GMM) to deal with econometric problems. The results indicate that managerial ownership is essential in improving EQ before and after IFRS adoption, whereas no significant improvements were found for institutional shareholders. Similarly, the results provide evidence that managerial ownership is more efficient in monitoring earnings management in healthy INPT environment. The results highlight the significance of accounting standards and law enforcement for enhancing the monitoring role of ownership structure in improving EQ.

查看原文本刊更多论文

《国际财务报告准则》前后的股权结构和盈利质量：投资者保护重要吗？

本研究调查了在实施国际财务报告准则(IFRS)后，与未实施IFRS期间相比，管理层和机构所有权是否与更高的盈余质量(EQ)相关。它还研究了投资者保护(INPT)对所有权结构与情商之间联系的调节作用。该研究对马来西亚2007-2016年2090个公司年度观察样本使用了动态面板数据建模。本文应用广义矩量法(GMM)来处理计量经济学问题。结果表明，在采用国际财务报告准则之前和之后，管理层所有权对提高情商至关重要，而机构股东没有发现显著的改善。同样，研究结果也提供了证据，证明在健康的INPT环境中，管理层所有权在监控盈余管理方面更有效。研究结果强调了会计准则和执法对于增强股权结构对提高情商的监测作用的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Asian Journal of Business and Accounting BUSINESS, FINANCE-

CiteScore

2.00

自引率

11.10%

发文量

期刊介绍： An academic journal that aims to advance knowledge in the business and accounting disciplines, to narrow the gap between theory and practice, and to set direction for policy initiatives in Asia. Welcome to the Asian Journal of Business and Accounting (AJBA). AJBA is an international refereed journal, published biannually (30th June and 30th December) by the Faculty of Business and Accountancy, University of Malaya, Malaysia. AJBA aims to publish scholarly business researches that are relevant to Malaysia and the Asian region. It intends to highlight the practical implications in promoting better business decision making process and the formulation of public policy in Asia. This journal publishes theoretical, conceptual, and empirical papers within the broad areas of business and accounting in Asia. The AJBA covers a broad spectrum of the business and accounting disciplines. A suggestive (though not necessarily comprehensive) list of areas that would be included in this journal are: general management, strategic management, human resource management, organizational behaviour, labour and industrial relations, international business management, business communication, entrepreneurship, leadership, management science, operations management, production management, supply chain management, marketing management, brand management, consumer behaviour, information management, e-marketing, e-commerce, quality management, retailing, service marketing, hospitality management, hotel and tourism management, asset pricing, capital and money markets, corporate finance, derivatives markets, finance and banking, financial economics, etc.