Corporate ownership structure and the informativeness of earnings

Journal of Business Finance and Accounting

Volumn 29, Issue 7-8, 2002, Pages 1023-1046

  Yeo, Gillian H H ^a   Tan, Patricia M S ^a   Ho, Kim Wai ^a   Chen, Sheng Syan ^b  

^a NANYANG TECHNOLOGICAL UNIVERSITY   (Singapore)

^b Yuan Ze University   (Singapore)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 17544365305     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00460     Document Type: Article

References (21)

1. Beattie, V., S. Brown, D. Ewers, B. John, S. Manson, D. Thomas and M. Turner (1994), 'Extraordinary Items and Income Smoothing: A Positive Accounting Approach', Journal of Business Finance & Accounting, Vol. 21, No. 6 (September), pp. 791-811.
2. Becht M. and A. Roell (1999), 'Block Holdings in Europe: An International Comparison', European Economic Review, Vol. 43, No. 4-6, pp. 1049-56.
3. Carlson, S.J. and C. T. Bathala (1997), 'Ownership Differences and Firms' Income Smoothing Behavior', Journal of Business Finance & Accounting, Vol. 24, No. 2 (March). pp. 179-96.
4. Claessens, S., S. Djankov and L. Lang (2000), 'The Separation of Ownership and Control in East Asian Corporations', Journal of Financial Economics, Vol. 58, pp. 81-112.
5. Dechow, P., R.G. Sloan and A.P. Sweeney (1995), 'Detecting Earnings Management', The Accounting Review, Vol. 70, No. 2, pp. 193-225.
6. - (1996), 'Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC', Contemporary Accounting Research, Vol. 13, No. 1 (Spring), pp. 1-36.
7. Dempsey, S.J., H.G. Hunt III and N. W. Schroeder (1993), 'Earnings Management and Corporate Ownership Structure: An Examination of Extraordinary Item Reporting', Journal of Business Finance & Accounting, Vol. 20, No. 4 (June), pp. 479-500.
8. Denis, D. and J. Serrano (1996), 'Active Investors and Management Turnover Following Unsuccessful Control Contests', Journal of Financial Economics, Vol. 40, pp. 239-66.
9. Jensen, M.C. and W.H. Meckling (1976), 'Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure', Journal of Financial Economics, Vol. 3, pp. 305-60.
10. Jones, J.J. (1991), 'Earnings Management During Import Relief Investigations', Journal of Accounting Research, Vol. 29, pp. 193-228.
11. Kang, J.K. and A. Shivdasani (1995), 'Firm Performance, Corporate Governance and Top Executive Turnover in Japan', Journal of Financial Economics, Vol. 38, pp. 29-58.
12. Kaplan, S. and B. Minton (1994), 'Appointments of Outsiders to Japanese Boards: Determinants and Implications for Managers', Journal of Financial Economics, Vol. 36, pp. 225-57.
13. Kole, S.R. (1995), 'Measuring Managerial Equity Ownership: A Comparison of Sources of Ownership Data', Journal of Corporate Finance, Vol. 1, pp. 413-35.
14. La Porta, R., F. Lopez-de-Silanes and A. Shleifer (1999), 'Corporate Ownership Around the World', Journal of Finance, Vol. 54, No. 2, pp. 471-517.
15. McConnell, J.J. and H. Servaes (1990), 'Additional Evidence on Equity Ownership and Corporate Value', Journal of Financial Economics, Vol. 27, pp. 595-612.
16. Morck, R., A. Shleifer and R. Vishny (1988), 'Management Ownership and Market Valuation: An Empirical Analysis', Journal of Financial Economics, Vol. 20, pp. 293-315.
17. Rajgopal, S., M. Venkatachalam and J. Jiambalvo (1999), 'Is Institutional Ownership Associated with Earnings Management and the Extent to which Stock Prices Reflect Future Earnings?' Working Paper (University of Washington).
18. Shleifer A. and R.W. Vishny (1986), 'Large Shareholders and Corporate Control', Journal of Political Economy, Vol. 94, pp. 461-88.
19. Teets and Wasley (1996), 'Estimating Earnings Response Coefficients: Pooled versus Firm-specific Models', Journal of Accounting and Economics, Vol. 21, pp. 279-95.
20. Teoh, S. and T.J. Wong (1998), 'Earnings Management and the Underperformance of Seasoned Equity Offerings', Journal of Financial Economics, Vol. 50, pp. 63-100.
21. Warfield, T.D., J.J. Wild and K.L. Wild (1995), 'Managerial Ownership, Accounting Choices, and Informativeness of Earnings', Journal of Accounting and Economics, Vol. 20, pp. 61-91.