Publication:
Real earnings management and corporate governance: A study of Latin America

cris.sourceIdoai:repositorio.ucsc.cl:25022009/2988
cris.virtual.author-orcidhttps://orcid.org/0000-0003-2298-1295
cris.virtual.author-orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtual.departmentFacultad de Ciencias Económicas y Administrativas
cris.virtual.department#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.author-orcida407e3d9-dc58-48a9-b565-b79b54b6eb06
cris.virtualsource.author-orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.departmenta407e3d9-dc58-48a9-b565-b79b54b6eb06
cris.virtualsource.department#PLACEHOLDER_PARENT_METADATA_VALUE#
dc.contributor.authorPh.D. Mellado-Cid, Cristhian
dc.contributor.authorSaona, Paolo
dc.date.accessioned2021-06-08T22:27:48Z
dc.date.accessioned2023-09-11T14:47:05Z
dc.date.available2021-06-08T22:27:48Z
dc.date.created2021-06-08T22:27:48Z
dc.date.issued2020
dc.description.abstractThis article analyses the impact of ownership structure features and institutional settings on real activities manipulation. The analysis is based on a sample of listed companies in the underexplored Latin American market for the period of 2004–2016. Panel-data-based G.M.M. System Estimation is used in the empirical analysis. The results confirm that the monitoring role of the majority owner is crucial in mitigating managerial opportunistic behaviour. Here, opportunistic behaviour refers to engaging in real activities manipulation that reduces the informative content of financial statements. However, analysis of insider ownership revealed that managers had a negative impact on transparency. We observed that as insider ownership increases, managers engage more actively in real earnings management. We also find that the institutional ownership and the quality of the regulatory system proved to be effective mechanisms in reducing real activities manipulation.
dc.identifier.doi10.1080/1331677X.2019.1691930
dc.identifier.urihttps://repositorio.ucsc.cl/handle/25022009/7996
dc.languageeng
dc.publisherRoutledge
dc.rightsacceso abierto
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectReal activities manipulation
dc.subjectEarnings management
dc.subjectCorporate governance
dc.subjectOwnership structure
dc.subjectInstitutional setting
dc.subject.ocdeCiencias sociales::Economía y negocios
dc.titleReal earnings management and corporate governance: A study of Latin America
dc.typeartículo
dspace.entity.typePublication
oairecerif.author.affiliationFacultad de Ciencias Económicas y Administrativas
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
relation.isAuthorOfPublicationa407e3d9-dc58-48a9-b565-b79b54b6eb06
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