Earnings management and investor protection: An international comparison

Journal of Financial Economics

Volumn 69, Issue 3, 2003, Pages 505-527

  Leuz, Christian ^a   Nanda, Dhananjay ^b   Wysocki, Peter D ^c  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

^b DUKE UNIVERSITY   (United States)

^c MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Corporate governance; Earnings management; Investor protection; Law; Private control benefits

Indexed keywords

EID: 0042012826     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(03)00121-1     Document Type: Article

References (36)

1. Alford A. Jones J. Leftwich R. Zmijewski M. The relative informativesness of accounting disclosures in different countries Journal of Accounting Research 31 Suppl. 1993 183-221
2. Ali A. Hwang L. Country-specific factors related to financial reporting and the value relevance of accounting data Journal of Accounting Research 38 2000 1-23
3. Ball R. Kothari S. Robin A. The effect of international institutional factors on properties of accounting earnings Journal of Accounting and Economics 29 2000 1-52
4. Ball, R., Robin, A., Wu, J., 2003. Incentives versus standards: properties of accounting income in four East Asian countries. Journal of Accounting and Economics, forthcoming.
5. Basu S. Hwang L. Jan C. International variation in accounting measurement rules and analysts' earnings forecast errors Journal of Business, Finance and Accounting 25 1998 1207-1247
6. Beck, T., Demirgüc-Kunt, A., Levine, R., 2003. Law, politics, and finance. Journal of Financial Economics, forthcoming.
7. Bhattacharya U. Daouk H. Welker M. The world price of earnings opacity 2002 Unpublished working paper Indiana University
8. Brown L. Higgins H. Managing earnings surprises in the U.S. versus 12 other countries Journal of Accounting and Public Policy 20 2001 373-398
9. Brown L. Higgins H. Managers' guidance of analysts: international evidence 2002 Unpublished working paper Georgia State University and Worcester Polytechnic Institute
10. Burgstahler D. Dichev I. Earnings management to avoid earnings decreases and losses Journal of Accounting and Economics 24 1997 99-129
11. Claessens S. Djankov S. Fan J. Lang L. Disentangling the incentive and entrenchment effects of large shareholdings Journal of Finance 57 2002 2741-2772
12. d'Arcy A. The degree of determination of national accounting systems - an empirical investigation Schmalenbach Business Review 52 2000 45-67
13. Dechow P. Accounting earnings and cashflows as measures of firm performance: the role of accounting accruals Journal of Accounting and Economics 18 1994 3-42
14. Dechow P. Skinner D. Earnings management: reconciling the views of accounting academics, practitioners, and regulators Accounting Horizons 14 2000 235-250
15. Dechow P. Sloan R. Sweeney A. Detecting earnings management The Accounting Review 70 1995 193-225
16. Degeorge F. Patel J. Zeckhauser R. Earnings manipulation to exceed thresholds Journal of Business 72 1999 1-33
17. Doidge, C., Karolyi, A., Stulz, R., 2003. Why are firms listed in the U.S. worth more? Journal of Financial Economics, forthcoming.
18. Dyck, A., Zingales, L., 2002. Private benefits of control: an international comparison. Unpublished NBER working paper (8711).
19. Enriques L. The law on company directors' self-dealing: a comparative analysis International and Comparative Corporate Law Journal 2 2000 297-314
20. Fan J. Wong T. Corporate ownership structure and the informativeness of accounting earnings in east asia Journal of Accounting and Economics 33 2001 401-426
21. Healy P. Wahlen J. A review of the earnings management literature and its implications for standard setting Accounting Horizons 13 1999 365-383
22. Hope O. Disclosure practices, enforcement of accounting standards, and analysts' forecasts: An international study Journal of Accounting Research 41 2003 235-272
23. Hung M. Accounting standards and value relevance of financial statements: an international analysis Journal of Accounting and Economics 30 2001 401-420
24. Joos P. Lang M. The effects of accounting diversity: evidence from the European Union Journal of Accounting Research 34 Suppl. 1994 141-168
25. La Porta R. Lopez-de-Silanes F. Shleifer A. Vishny R. Legal determinants of external finance Journal of Finance 52 1997 1131-1150
26. La Porta R. Lopez-de-Silanes F. Shleifer A. Vishny R. Law and finance Journal of Political Economy 106 1998 1113-1155
27. La Porta R. Lopez-de-Silanes F. Shleifer A. Vishny R. Corporate ownership around the world Journal of Finance 54 1999 471-517
28. La Porta R. Lopez-de-Silanes F. Shleifer A. Vishny R. Investor protection and corporate governance Journal of Financial Economics 58 2000 3-27
29. Land J. Lang M. Empirical evidence on the evolution of global accounting Accounting Review 77 Suppl. 2002 115-133
30. Lang M. Raedy J. Yetman M. How representative are cross-listed firms? An analysis of firm performance and accounting quality Journal of Accounting Research 41 2003 363-386
31. Levine R. Law, finance and economic growth Journal of Financial Intermediation 8 1999 8-35
32. Nenova T. The value of corporate votes and control benefits: a cross-country analysis 2000 Unpublished working paper Harvard University
33. Shleifer A. Vishny R. A survey of corporate governance Journal of Finance 52 1997 737-783
34. Skinner D. Myers L. Earnings momentum and earnings management 1999 Unpublished working paper University of Michigan and University of Illinois
35. Watts R. Zimmerman J. Positive Accounting Theory 1986 Prentice-Hall Englewood Cliffs, NJ
36. Zingales L. The value of the voting right: a study of the Milan stock exchange experience Review of Financial Studies 7 1994 125-148