메뉴 건너뛰기




Volumn 16, Issue 4, 2010, Pages 443-455

Institutional ownership and monitoring: Evidence from financial misreporting

Author keywords

Earnings management; Institutional investors; Monitoring; Restatements

Indexed keywords


EID: 77955171486     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jcorpfin.2010.06.001     Document Type: Article
Times cited : (203)

References (35)
  • 1
    • 30344469920 scopus 로고    scopus 로고
    • Corporate governance and accounting scandals
    • Agrawal A., Chadha S. Corporate governance and accounting scandals. J. Law Econ. 2005, 371-406.
    • (2005) J. Law Econ. , pp. 371-406
    • Agrawal, A.1    Chadha, S.2
  • 2
    • 50049109957 scopus 로고    scopus 로고
    • Large shareholders and firm performance - an empirical examination of founding-family ownership
    • Andres C. Large shareholders and firm performance - an empirical examination of founding-family ownership. J. Corp. Finan. 2008, 14:431-445.
    • (2008) J. Corp. Finan. , vol.14 , pp. 431-445
    • Andres, C.1
  • 4
    • 0033236338 scopus 로고    scopus 로고
    • Incentives and penalties related to earnings overstatements that violate GAAP
    • Beneish M. Incentives and penalties related to earnings overstatements that violate GAAP. Acc. Rev. 1999, 74:425-457.
    • (1999) Acc. Rev. , vol.74 , pp. 425-457
    • Beneish, M.1
  • 5
    • 0000375782 scopus 로고
    • The hidden costs of stock market liquidity
    • Bhide A. The hidden costs of stock market liquidity. J. Finan. Econ. 1993, 34:31-51.
    • (1993) J. Finan. Econ. , vol.34 , pp. 31-51
    • Bhide, A.1
  • 6
    • 29244483408 scopus 로고    scopus 로고
    • The impact of performance-based compensation on misreporting
    • Burns N., Kedia S. The impact of performance-based compensation on misreporting. J. Finan. Econ. 2006, 79:35-67.
    • (2006) J. Finan. Econ. , vol.79 , pp. 35-67
    • Burns, N.1    Kedia, S.2
  • 7
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R&D investment behavior
    • Bushee B. The influence of institutional investors on myopic R&D investment behavior. Acc. Rev. 1998, 73:305-333.
    • (1998) Acc. Rev. , vol.73 , pp. 305-333
    • Bushee, B.1
  • 8
    • 0001151593 scopus 로고    scopus 로고
    • Do institutional investors prefer near-term earnings over long-run value?
    • Bushee B. Do institutional investors prefer near-term earnings over long-run value?. Contemp. Acc. Res. 2001, 18:207-246.
    • (2001) Contemp. Acc. Res. , vol.18 , pp. 207-246
    • Bushee, B.1
  • 9
    • 33645857955 scopus 로고    scopus 로고
    • Ownership structure, corporate governance, and fraud: evidence from China
    • Chen G., Firth M., Gao D., Rui O. Ownership structure, corporate governance, and fraud: evidence from China. J. Corp. Finan. 2006, 12:424-448.
    • (2006) J. Corp. Finan. , vol.12 , pp. 424-448
    • Chen, G.1    Firth, M.2    Gao, D.3    Rui, O.4
  • 10
    • 34948856433 scopus 로고    scopus 로고
    • Monitoring: which institutions matter?
    • Chen X., Harford J., Li K. Monitoring: which institutions matter?. J. Finan. Econ. 2007, 86:279-305.
    • (2007) J. Finan. Econ. , vol.86 , pp. 279-305
    • Chen, X.1    Harford, J.2    Li, K.3
  • 11
    • 50049128677 scopus 로고    scopus 로고
    • Value creation or destruction? Hedge funds as shareholder activists
    • Clifford C. Value creation or destruction? Hedge funds as shareholder activists. J. Corp. Finan. 2008, 14:323-336.
    • (2008) J. Corp. Finan. , vol.14 , pp. 323-336
    • Clifford, C.1
  • 12
    • 84055220949 scopus 로고
    • Liquidity versus control: the institutional investor as corporate monitor
    • Coffee J. Liquidity versus control: the institutional investor as corporate monitor. Columbia Law Rev. 1991, 91:1277-1368.
    • (1991) Columbia Law Rev. , vol.91 , pp. 1277-1368
    • Coffee, J.1
  • 13
    • 8744297938 scopus 로고
    • Detecting earnings management
    • Dechow P., Sloan R., Sweeney A. Detecting earnings management. Acc. Rev. 1995, 70:193-225.
    • (1995) Acc. Rev. , vol.70 , pp. 193-225
    • Dechow, P.1    Sloan, R.2    Sweeney, A.3
  • 14
    • 33645876749 scopus 로고    scopus 로고
    • Large blocks of stock: prevalance, size and measurement
    • Dlugosv Jennifer, Fahlenbrach Rudiger, Gompers Paul, Metrick Andrew Large blocks of stock: prevalance, size and measurement. J. Corp. Finan. 2006, 12:594-618.
    • (2006) J. Corp. Finan. , vol.12 , pp. 594-618
    • Dlugosv, J.1    Fahlenbrach, R.2    Gompers, P.3    Metrick, A.4
  • 15
    • 69949093231 scopus 로고    scopus 로고
    • Blockholder trading, market efficiency, and managerial myopia
    • Edmans A. Blockholder trading, market efficiency, and managerial myopia. J. Finance 2009, 64(6):2481-2513.
    • (2009) J. Finance , vol.64 , Issue.6 , pp. 2481-2513
    • Edmans, A.1
  • 16
    • 0000353081 scopus 로고    scopus 로고
    • Corporate governance proposals and shareholder activism: the role of institutional investors
    • Gillan S., Starks L. Corporate governance proposals and shareholder activism: the role of institutional investors. J. Finan. Econ. 2000, 57:275-305.
    • (2000) J. Finan. Econ. , vol.57 , pp. 275-305
    • Gillan, S.1    Starks, L.2
  • 17
    • 56349157483 scopus 로고    scopus 로고
    • Insider ownership, ownership concentration and investment performance: an international comparison
    • Gugler K., Mueller D., Yurtoglu B. Insider ownership, ownership concentration and investment performance: an international comparison. J. Corp. Finan. 2008, 14:688-705.
    • (2008) J. Corp. Finan. , vol.14 , pp. 688-705
    • Gugler, K.1    Mueller, D.2    Yurtoglu, B.3
  • 18
    • 0344153909 scopus 로고    scopus 로고
    • Institutional investors and executive compensation
    • Hartzell J., Starks L. Institutional investors and executive compensation. J. Finance 2003, 58(6):2351-2374.
    • (2003) J. Finance , vol.58 , Issue.6 , pp. 2351-2374
    • Hartzell, J.1    Starks, L.2
  • 19
    • 59049085121 scopus 로고    scopus 로고
    • The importance of distinguishing errors from irregularities in restatement research: the case of restatements and CEO/CFO turnover
    • Hennes K., Leone A., Miller B. The importance of distinguishing errors from irregularities in restatement research: the case of restatements and CEO/CFO turnover. Acc. Rev. 2008, 22(6):1487-1519.
    • (2008) Acc. Rev. , vol.22 , Issue.6 , pp. 1487-1519
    • Hennes, K.1    Leone, A.2    Miller, B.3
  • 21
    • 0142157069 scopus 로고    scopus 로고
    • Does shareholder composition matter? Evidence from the market reaction to corporate earnings announcements
    • Hotchkiss E., Strickland D. Does shareholder composition matter? Evidence from the market reaction to corporate earnings announcements. J. Finance 2003, 58:1469-1498.
    • (2003) J. Finance , vol.58 , pp. 1469-1498
    • Hotchkiss, E.1    Strickland, D.2
  • 22
  • 23
    • 0005082206 scopus 로고    scopus 로고
    • Ownership structure, speculation, and shareholder intervention
    • Kahn C., Winton A. Ownership structure, speculation, and shareholder intervention. J. Finance 1998, 53:99-129.
    • (1998) J. Finance , vol.53 , pp. 99-129
    • Kahn, C.1    Winton, A.2
  • 24
    • 59049088346 scopus 로고    scopus 로고
    • Economics of fraudulent accounting
    • Kedia S., Philippon T. Economics of fraudulent accounting. Rev. Finan. Stud. 2009, 22(6):2169-2199.
    • (2009) Rev. Finan. Stud. , vol.22 , Issue.6 , pp. 2169-2199
    • Kedia, S.1    Philippon, T.2
  • 25
    • 67649499807 scopus 로고    scopus 로고
    • Value of outside blockholder activism: evidence from the switchers
    • Kim, Kim W., Kwon W. Value of outside blockholder activism: evidence from the switchers. J. Corp. Finan. 2009, 15:505-522.
    • (2009) J. Corp. Finan. , vol.15 , pp. 505-522
    • Kim1    Kim, W.2    Kwon, W.3
  • 26
    • 77955171200 scopus 로고    scopus 로고
    • Institutional trading and corporate earnings and returns. Unpublished working paper, Stanford University.
    • Lang, M., McNichols, M., 1997. Institutional trading and corporate earnings and returns. Unpublished working paper, Stanford University.
    • (1997)
    • Lang, M.1    McNichols, M.2
  • 27
    • 67649488313 scopus 로고    scopus 로고
    • Does institutional activism increase shareholder wealth? Evidence from spillovers on non-target companies
    • Lee D., Park K. Does institutional activism increase shareholder wealth? Evidence from spillovers on non-target companies. J. Corp. Finan. 2009, 15:488-504.
    • (2009) J. Corp. Finan. , vol.15 , pp. 488-504
    • Lee, D.1    Park, K.2
  • 28
    • 34447650608 scopus 로고    scopus 로고
    • Conflicts of interest in sell-side research and the moderating role of institutional investors
    • Ljungqvist A., Marston F., Starks L., Wei K., Yan H. Conflicts of interest in sell-side research and the moderating role of institutional investors. J. Finan. Econ. 2007, 92:420-456.
    • (2007) J. Finan. Econ. , vol.92 , pp. 420-456
    • Ljungqvist, A.1    Marston, F.2    Starks, L.3    Wei, K.4    Yan, H.5
  • 29
    • 0040428442 scopus 로고    scopus 로고
    • Larges shareholders as monitors: is there a tradeoff between liquidity and control?
    • Maug E. Larges shareholders as monitors: is there a tradeoff between liquidity and control?. J. Finance 1998, 53:65-98.
    • (1998) J. Finance , vol.53 , pp. 65-98
    • Maug, E.1
  • 30
    • 0036101936 scopus 로고    scopus 로고
    • Investor activism and financial market structure
    • Noe T. Investor activism and financial market structure. Rev. Finan. Stud. 2002, 15:289-318.
    • (2002) Rev. Finan. Stud. , vol.15 , pp. 289-318
    • Noe, T.1
  • 31
    • 0039657040 scopus 로고    scopus 로고
    • Herding and feedback trading by institutional and individual investors
    • Nofsinger J., Sias R. Herding and feedback trading by institutional and individual investors. J. Finance 1999, 54:2263-2295.
    • (1999) J. Finance , vol.54 , pp. 2263-2295
    • Nofsinger, J.1    Sias, R.2
  • 32
    • 77955176777 scopus 로고    scopus 로고
    • The role of institutional investors in corporate governance: An empirical investigation. Unpublished working paper, Duke University.
    • Rajgopal, S., Venkatachalam, M., 1997. The role of institutional investors in corporate governance: An empirical investigation. Unpublished working paper, Duke University.
    • (1997)
    • Rajgopal, S.1    Venkatachalam, M.2
  • 33
    • 77955176636 scopus 로고    scopus 로고
    • Capital market pressures and earnings management: The case of earnings restatements. Unpublished working paper. University of Pennsylvania.
    • Richardson, S., Tuna, A., Wu, M., 2003. Capital market pressures and earnings management: The case of earnings restatements. Unpublished working paper. University of Pennsylvania.
    • (2003)
    • Richardson, S.1    Tuna, A.2    Wu, M.3
  • 34
    • 84936823587 scopus 로고
    • Large shareholder and corporate control
    • Shliefer A., Vishny R. Large shareholder and corporate control. J. Polit. Economy 1986, 98:461-488.
    • (1986) J. Polit. Economy , vol.98 , pp. 461-488
    • Shliefer, A.1    Vishny, R.2
  • 35
    • 0038185576 scopus 로고    scopus 로고
    • Mutual fund performance: an empirical decomposition into stock-picking talent, style, transactions costs, and expenses
    • Wermers R. Mutual fund performance: an empirical decomposition into stock-picking talent, style, transactions costs, and expenses. J. Finance 2000, 55:1655-1695.
    • (2000) J. Finance , vol.55 , pp. 1655-1695
    • Wermers, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.