논문 국내 국내전문학술지(KCI급) Governance-Owner Structure and Earnings Management: Evidence from Korea
- 학술지 구분 국내전문학술지(KCI급)
- 게재년월 2009-10
- 저자명 권기정
- 학술지명 Asian Social Science
- 발행처명 Canadian Center of Science and Education
- 발행국가 국내
- 논문언어 외국어
- 전체저자수 2
홈페이지논문 초록 (Abstract)
This paper examines how the threat of expropriation by the ultimate owners affects earnings management and auditing quality. The empirical results indicate that the ultimate owners of Korean firms typically exert control in considerable excess of their cash flow rights. This study also shows the threat of expropriation by ultimate owners has a positive effect on earnings management as measured by discretionary accruals estimates, while auditing quality and the percent of institutional investor shareholding are not significantly related to CEOs’ opportunistic behavior.