This subject deserves special attention because the previous literature does not control for tradeoffs between executive remuneration and other incentives regarding such insurers discretionary accounting choices. The purpose of this study is to examine investors intention and behavior concerning ex ante information acquirement and ex post claims from the microlevel perspective. This study analyses the determining factors of reserve errors in publicly listed property and casualty insurance companies in the u. This approach divides the investment options into two broad categories. Market implications of the audit quality and auditor. Ipo information acquisition and investor protection. An international comparison article in journal of financial economics 693. Pdf corporate social responsibility csr and earnings. Grievances, human rights, and investor protections these solutions are considered in the context of governments legal obligations, particularly those imposed by international investment law. An international comparison find, read and cite all the research you need on.
We selected the earnings management proxies from leuz et al. An international comparison based on differences in investor protection abstract this paper examines the relation between investor protection and real earnings management. Corporate social responsibility, investor protection, and. The effect of ownership composition on earnings management. These regulations were not as commonly applied in comparison with. The empirical evidence also shows that the effect of csr on the quality of bank earnings is particularly high in countries with higher levels of investor protection and. Under the securities investor protection act of 1970 sipa, the securities and exchange commission is responsible for exercising plenary. This paper examines systematic differences in earnings management across 31 countries. This paper aims to examine the relationship between different types of shareholders that command share ownership, family, institutions or external blockholders and earnings management. Secrecy and the impact of mandatory ifrs adoption on. Section 4 presents the results on the relationship between earnings management and investor protection. This includes the headlines, summaries and links to the full article on the website. Journal of contemporary accounting and economics 11 3. An international comparison for investor protection.
This paper examines systematic differences in earnings management across 31. A study based on sophisticated investor questionnaires fangliang huang, li sun, jing chen, chaopeng wu. An international comparison this paper examines systematic differences in. Core traditional investments an array of options from domestic and international stocks and bonds. When this is actually the case the international tendency to increase investor protection. Working paper, massachusetts institute of technology. Analysis of securities investor protection act coverage.
Good morning, and welcome to the principal financial group third quarter 2017 financial results conference call. Weve added a comparison of the third quarter operating earnings. This paper examines the differences in accrualbased and real earnings management across countries from the perspective of investor protection. Studies on the emcsr relationships have so far yielded contradictory results. Earnings management, investor protection, and national culture. An international comparison for investor protection, earnings management.
Request pdf earnings management and investor protection. Holthausen rw verrecchia re 1988 the eect of sequential. The wharton school of the university of pennsylvania. An international comparison of the banking industry. Section 5 discusses some additional analyses, and section 6 concludes the paper. Accordingly, does the impact of the investor protection variables on earnings. The relationship between corporate social responsibility csr and earnings management em has only emerged recently as a topic of academic research. Factors explaining noncompliance by companies referring to the use of ias. An international comparison for investor protection may 10, 2015. Rss is an easy way to be notified about updated content on a website. International financial reporting standards and earnings management in latin america.
Paypal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. An international perspective, journal of international financial markets, institutions and money, 2016, 41, 73crossref. Thus, earnings management is expected to decrease in investor protection because strong protection limits insiders ability to acquire private control benefits, which reduces their incentives to. Literature suggests that firms may strategically use csr to compensate for em or to deflect stakeholder attention from em. Data was obtained from 2009 to 2014 to capture the pre and post. The study employed an expost facto research design and a sample of fourteen 14 deposit money banks listed on the nigerian stock exchange.
The effect of international institutional factors on properties of accounting earnings. Ceo inside debt and earnings management sandip dhole. Accrualbased and real earnings management and the institutional background. Implications of transaction costs for the postearnings announcement drift. An international comparison mit sloan working paper no. International master program strategy and culture, 3. Paypal is a leading technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Distinguished contribution to the accounting literature award, 2014. Lincoln investor advantage investment options are built on a core and satellite framework. The paper examines the impact of ifrs adoption on the use of loan loss provisions llps to manage earnings and capital by listed deposit money banks in nigeria.
Efa 2002 berlin meetings presented paper 32 pages posted. The purpose of this study was to investigate if the culture of countries influences earnings management practices. Enomoto, masahiro and kimura, fumihiko and yamaguchi, tomoyasu, accrualbased and real earnings management. Work plan for the consideration of incorporating international financial standards into the financial reporting system for u. Request pdf on jan 1, 2001, christian leuz and others published investor protection and earnings management. Ball r 2006 international financial reporting standards. The role of international accounting standards in transitional economies.
Operator instructions i would now like to turn the conference over to john egan, vice. An international comparison, with christian leuz and peter wysocki. Pdf earnings management, investor protection, and national. Leuz, christian and nanda, dhananjay and wysocki, peter d. An international comparison for investor protection abstract this paper examines the differences in accrualbased and real earnings management across countries from the perspective of investor protection. The effect of investor protection on earnings management erasmus. International financial reporting standards and earnings. Really simple syndication rss is a technology that allows you to receive updated news from preferred websites, which are sent directly to the users news reader. Earnings management em was chosen as a corporate governance mechanism. In addition, it examines the effect of company size on earnings management. Loan loss provisions, earnings smoothing and capital. This paper examines the pervasiveness of earnings management across 31.