英国反腐败披露质量与盈余管理:审计质量的作用

R. Salem, Musa Ghazwani, A. Gerged, M. Whittington
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引用次数: 4

摘要

目的基于企业应对腐败的制度压力,本研究旨在探讨企业参与反腐败披露质量(ACD_Q)与盈余管理(EM)之间的关系。此外,本研究还考察了审计质量在ACD_Q和em之间的关联中的调节作用。设计/方法/方法作者基于2010年英国贿赂法案构建了一个ACD_Q指数,并考虑了广泛的腐败和贿赂规则,包括经合组织、世界银行、贸发会议、联合国反腐败委员会、联合国反腐败委员会和GRI的规则。利用2008年至2018年英国富时350指数2695家公司的年度观察样本,本研究发现ACD_Q与EM呈负相关。此外,这种负相关关系取决于审计委员会的独立性和审计委员会的专业知识。这一发现得到了额外的鲁棒性和敏感性分析的支持。实践意义实证证据重申,迫切需要采取更协调一致的努力,确保企业参与反腐败实践,以减少盈余操纵。原创性/价值本研究为2010年英国贿赂法案出台后ACD Q如何影响英国新兴市场提供了有限的证据。此外,通过考虑2008年至2019年这一时期,本研究探讨了英国公司治理改革对新兴市场削减的潜在调节作用。特别是,据作者所知,本研究首次评估了审计委员会机制对ACD Q和EM关系的调节作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Anti-corruption disclosure quality and earnings management in the United Kingdom: the role of audit quality
Purpose Building upon institutional pressures on firms to deal with corruption, this study aims to investigate the association between a firm's engagement with anti-corruption disclosure quality (ACD_Q) and earnings management (EM). Also, this study examines the moderating role of audit quality in the association between ACD_Q and EM. Design/methodology/approach The authors constructed an ACD_Q index based on the 2010 UK Bribery Act and taking into account a wide range of rules on corruption and bribery, including those of the OECD, World Bank, UNCTAD, UNGC, UNCAC and GRI. Generalized method of moments and panel regression were used to examine the association between ACD_Q and EM. Findings Using a sample of 2,695 firm‐year observations of the UK’s FTSE-350 from 2008 to 2018, this study finds ACD_Q is negatively associated with EM. In addition, this negative relationship is contingent on audit committee independence and audit committee expertise. This finding is supported by additional robustness and sensitivity analysis. Practical implications The empirical evidence reiterates the crucial need for more concerted efforts to ensure corporate engagement in anti-corruption practices with a view to reducing earnings manipulations. Originality/value This study contributes to the limited evidence that investigates how ACD Q influences EM in the UK after the introduction of the UK Bribery Act in 2010. Furthermore, by considering the period from 2008 to 2019, this study investigates the potential moderating role of UK corporate governance reforms in EM reduction. In particular, to the best of the authors’ knowledge, this study assesses for the first time the moderating effect of audit committee mechanisms on the ACD Q and EM nexus.
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