메뉴 건너뛰기




Volumn 38, Issue 7-8, 2011, Pages 765-793

Defence Measures and Earnings Management in an Owner Dominant Context

Author keywords

Defence measures; Earnings management; Owner dominant context

Indexed keywords


EID: 80053923551     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/j.1468-5957.2011.02246.x     Document Type: Article
Times cited : (21)

References (59)
  • 1
    • 62249144208 scopus 로고    scopus 로고
    • Spanish Antitakeover Devices and Corporate Performance
    • Alemany, M. and R. Crespí (2001), 'Spanish Antitakeover Devices and Corporate Performance', Quarterly Journal of Economic Research, Vol. 2, pp. 214-24.
    • (2001) Quarterly Journal of Economic Research , vol.2 , pp. 214-224
    • Alemany, M.1    Crespí, R.2
  • 2
    • 0042908914 scopus 로고    scopus 로고
    • Dual Class Firms: Capitalization, Ownership Structure and Recapitalization Back into Single Class
    • Amoako-Adu, B. and B. F. Smith (2001), 'Dual Class Firms: Capitalization, Ownership Structure and Recapitalization Back into Single Class', Journal of Banking & Finance, Vol. 25, pp. 1083-111.
    • (2001) Journal of Banking & Finance , vol.25 , pp. 1083-1111
    • Amoako-Adu, B.1    Smith, B.F.2
  • 3
    • 0142219280 scopus 로고    scopus 로고
    • Founding-Family Ownership and Firm Performance: Evidence from the S&P 500
    • Anderson, R. C. and D. M. Reeb (2003), 'Founding-Family Ownership and Firm Performance: Evidence from the S&P 500', The Journal of Finance, Vol. LVIII, pp. 1301-28.
    • (2003) The Journal of Finance , vol.58 , pp. 1301-1328
    • Anderson, R.C.1    Reeb, D.M.2
  • 4
    • 84881844837 scopus 로고
    • Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations
    • Arellano, M. and S. Bond (1991), 'Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations', Review of Economic Studies, Vol. 58, pp. 277-97.
    • (1991) Review of Economic Studies , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 5
    • 58149364940 scopus 로고
    • Another Look at the Instrumental Variable Estimation of Error-Components Models
    • Arellano, M. and O. Bover (1995), 'Another Look at the Instrumental Variable Estimation of Error-Components Models', Journal of Econometrics, Vol. 68, pp. 29-51.
    • (1995) Journal of Econometrics , vol.68 , pp. 29-51
    • Arellano, M.1    Bover, O.2
  • 6
    • 77953898143 scopus 로고    scopus 로고
    • Discussion of the Impact of Dual Class Structure on Earnings Management
    • Athanasakou, V. E. (2010), 'Discussion of the Impact of Dual Class Structure on Earnings Management', Journal of Business Finance & Accounting, Vol. 37, pp. 486-94.
    • (2010) Journal of Business Finance & Accounting , vol.37 , pp. 486-494
    • Athanasakou, V.E.1
  • 7
    • 0005738267 scopus 로고    scopus 로고
    • Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and Disclosure
    • Ball, R. (2001), 'Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and Disclosure', Brookings-Wharton Papers on Financial Services, pp. 127-69.
    • (2001) Brookings-Wharton Papers on Financial Services , pp. 127-169
    • Ball, R.1
  • 8
    • 13844254179 scopus 로고    scopus 로고
    • Earnings Quality in UK Private Firms: Comparative Loss Recognition Timeliness
    • Ball, R. and L. Shivakumar (2005), 'Earnings Quality in UK Private Firms: Comparative Loss Recognition Timeliness', Journal of Accounting and Economics, Vol. 39, pp. 83-128.
    • (2005) Journal of Accounting and Economics , vol.39 , pp. 83-128
    • Ball, R.1    Shivakumar, L.2
  • 9
    • 33745328346 scopus 로고    scopus 로고
    • The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition
    • Ball, R. and L. Shivakumar (2006), 'The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition', Journal of Accounting Research, Vol. 44, pp. 207-42.
    • (2006) Journal of Accounting Research , vol.44 , pp. 207-242
    • Ball, R.1    Shivakumar, L.2
  • 10
    • 0031498138 scopus 로고    scopus 로고
    • The Conservatism Principle and Asymmetric Timeliness of Earnings
    • Basu, S. (1997), 'The Conservatism Principle and Asymmetric Timeliness of Earnings', Journal of Accounting and Economics, Vol. 24, pp. 3-37.
    • (1997) Journal of Accounting and Economics , vol.24 , pp. 3-37
    • Basu, S.1
  • 11
    • 80053917787 scopus 로고    scopus 로고
    • A Rent-Protection Theory of Corporate Ownership and Control' (National Bureau of Economic Research, WP 7203).
    • Bebchuk, L. A. (1999), 'A Rent-Protection Theory of Corporate Ownership and Control' (National Bureau of Economic Research, WP 7203).
    • (1999)
    • Bebchuk, L.A.1
  • 12
    • 0001438979 scopus 로고    scopus 로고
    • Initial Conditions and Moment Restrictions in Dynamic Panel Data Models
    • Blundell, R. and S. Bond (1998), 'Initial Conditions and Moment Restrictions in Dynamic Panel Data Models', Journal of Econometrics, Vol. 87, pp. 115-43.
    • (1998) Journal of Econometrics , vol.87 , pp. 115-143
    • Blundell, R.1    Bond, S.2
  • 13
  • 14
    • 0011084614 scopus 로고    scopus 로고
    • Research on Corporate Governance: A Comparison of Germany, Japan and the United States
    • J. L. C. Cheng and R. B. Peterson (eds.), ( Stamford : JAI Press).
    • Buhmer, R., A. Rasheed, J. Rosenstein and T. Yoshikawa (1998), 'Research on Corporate Governance: A Comparison of Germany, Japan and the United States', in J. L. C. Cheng and R. B. Peterson (eds.), Advances in International Comparative Management, Vol. 12 ( Stamford : JAI Press).
    • (1998) Advances in International Comparative Management , vol.12
    • Buhmer, R.1    Rasheed, A.2    Rosenstein, J.3    Yoshikawa, T.4
  • 15
    • 0000108966 scopus 로고    scopus 로고
    • Financial Accounting Information and Corporate Governance
    • Bushman, R. and A. Smith (2001), 'Financial Accounting Information and Corporate Governance', Journal of Accounting & Economics, Vol. 32, pp. 237.
    • (2001) Journal of Accounting & Economics , vol.32 , pp. 237
    • Bushman, R.1    Smith, A.2
  • 16
    • 0042829594 scopus 로고    scopus 로고
    • The Separation of Ownership and Control in East Asian Corporation
    • Claessens, S., S. Djankov and L.H.P. Lang (2000), 'The Separation of Ownership and Control in East Asian Corporation', Journal of Financial Economics, Vol. 58, pp. 81-112.
    • (2000) Journal of Financial Economics , vol.58 , pp. 81-112
    • Claessens, S.1    Djankov, S.2    Lang, L.H.P.3
  • 17
    • 28244478077 scopus 로고    scopus 로고
    • Governance Mechanisms and Equity Prices
    • Cremers, K. J. M. and V. B. Nair (2005), 'Governance Mechanisms and Equity Prices', Journal of Finance, Vol. 60, pp. 2859-94.
    • (2005) Journal of Finance , vol.60 , pp. 2859-2894
    • Cremers, K.J.M.1    Nair, V.B.2
  • 18
    • 0036555052 scopus 로고    scopus 로고
    • Corporate Governance Mechanisms: A Plea for Less Code of Good Governance and More Market Control
    • Cuervo, A. (2002), 'Corporate Governance Mechanisms: A Plea for Less Code of Good Governance and More Market Control', Corporate Governance: An International Review, Vol. 10, pp. 84-93.
    • (2002) Corporate Governance: An International Review , vol.10 , pp. 84-93
    • Cuervo, A.1
  • 19
    • 0013533328 scopus 로고    scopus 로고
    • On the Uses of Corporate Governance Provisions
    • Danielson, M. G. and J. M. Karpoff (1998), 'On the Uses of Corporate Governance Provisions', Journal of Corporate Finance, Vol. 4, pp. 347-71.
    • (1998) Journal of Corporate Finance , vol.4 , pp. 347-371
    • Danielson, M.G.1    Karpoff, J.M.2
  • 20
    • 8344270182 scopus 로고    scopus 로고
    • Ownership Structure and Firm Value: New Evidence from Spain
    • de Miguel, A., J. Pindado and C. de la Torre (2004), 'Ownership Structure and Firm Value: New Evidence from Spain', Strategic Management Journal, Vol. 25, pp. 1199-207.
    • (2004) Strategic Management Journal , vol.25 , pp. 1199-1207
    • de Miguel, A.1    Pindado, J.2    de la Torre, C.3
  • 21
    • 0000833892 scopus 로고
    • Antitakeover Charter Amendments and Stockholder Wealth
    • DeAngelo, H. and E. Rice (1983), 'Antitakeover Charter Amendments and Stockholder Wealth', Journal of Financial Economics, Vol. 11, pp. 329-60.
    • (1983) Journal of Financial Economics , vol.11 , pp. 329-360
    • DeAngelo, H.1    Rice, E.2
  • 22
    • 0036997124 scopus 로고    scopus 로고
    • The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors
    • Dechow, P. M. and I. D. Dichev (2002), 'The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors', The Accounting Review, Vol. 77, pp. 35-59.
    • (2002) The Accounting Review , vol.77 , pp. 35-59
    • Dechow, P.M.1    Dichev, I.D.2
  • 23
    • 12844271266 scopus 로고    scopus 로고
    • Ultimate Corporate Ownership Structures and Capital Structures: Evidence from East Asian Economies
    • Du, J. and Y. Dai (2005), 'Ultimate Corporate Ownership Structures and Capital Structures: Evidence from East Asian Economies', Corporate Governance: An International Review, Vol. 13, pp. 60-71.
    • (2005) Corporate Governance: An International Review , vol.13 , pp. 60-71
    • Du, J.1    Dai, Y.2
  • 24
    • 0036334425 scopus 로고    scopus 로고
    • The Ultimate Ownership of Western European Corporations
    • Faccio, M. and L. H. P. Lang (2002), 'The Ultimate Ownership of Western European Corporations', Journal of Financial Economics, Vol. 65, pp. 365-95.
    • (2002) Journal of Financial Economics , vol.65 , pp. 365-395
    • Faccio, M.1    Lang, L.H.P.2
  • 25
    • 0036331681 scopus 로고    scopus 로고
    • Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia
    • Fan, J. P. H. and T. J. Wong (2002), 'Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia', Journal of Accounting and Economics, Vol. 33, pp. 401-25.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 401-425
    • Fan, J.P.H.1    Wong, T.J.2
  • 26
    • 58049164754 scopus 로고    scopus 로고
    • La adopción de acuerdos estatutarios antiadquisición. Evidencia en el mercado de capitales español
    • Fernández-Álvarez, A. I. and S. Gómez-Ansón (1997), 'La adopción de acuerdos estatutarios antiadquisición. Evidencia en el mercado de capitales español', Investigaciones Económicas, Vol. XXI, pp. 129-38.
    • (1997) Investigaciones Económicas , vol.21 , pp. 129-138
    • Fernández-Álvarez, A.I.1    Gómez-Ansón, S.2
  • 28
    • 80053913408 scopus 로고    scopus 로고
    • Anti-Takeover Provisions and Corporate Disclosure', American Accounting Association, Financial Accounting & Reporting Section (FARS) Meeting.
    • Fu, H. and M. H. Liu (2007), 'Anti-Takeover Provisions and Corporate Disclosure', American Accounting Association, Financial Accounting & Reporting Section (FARS) Meeting.
    • (2007)
    • Fu, H.1    Liu, M.H.2
  • 29
    • 37149048763 scopus 로고    scopus 로고
    • The Effect of the Board Composition and its Monitoring Committees on Earnings Management: Evidence from Spain
    • García Osma, B. and B. Gill de Albornoz (2007), 'The Effect of the Board Composition and its Monitoring Committees on Earnings Management: Evidence from Spain', Corporate Governance, Vol. 15, No. 6, pp. 1412-27.
    • (2007) Corporate Governance , vol.15 , Issue.6 , pp. 1412-1427
    • García Osma, B.1    Gill de Albornoz, B.2
  • 31
    • 0004296209 scopus 로고    scopus 로고
    • Upper Saddle River, NJ : Prentice Hall).
    • Greene, W. H. (2000), Econometric Analysis ( Upper Saddle River, NJ : Prentice Hall).
    • (2000) Econometric Analysis
    • Greene, W.H.1
  • 32
    • 0000745892 scopus 로고
    • Disclosure Laws and Takeover Bids
    • Grossman, S. J. and O. Hart (1980), 'Disclosure Laws and Takeover Bids', Journal of Finance, Vol. 35, pp. 323-34.
    • (1980) Journal of Finance , vol.35 , pp. 323-334
    • Grossman, S.J.1    Hart, O.2
  • 33
    • 34447504242 scopus 로고
    • The Market for Corporate Control: The Scientific Evidence
    • Jensen, M. and R. Ruback (1983), 'The Market for Corporate Control: The Scientific Evidence', Journal of Financial Economics, Vol. 11, pp. 5-50.
    • (1983) Journal of Financial Economics , vol.11 , pp. 5-50
    • Jensen, M.1    Ruback, R.2
  • 34
    • 15744382036 scopus 로고    scopus 로고
    • An Empirical Analysis of Corporate Takeover Defences and Earnings Mismanagement: Evidence from the US
    • Jiraporn, P. (2005), 'An Empirical Analysis of Corporate Takeover Defences and Earnings Mismanagement: Evidence from the US', Applied Financial Economics, Vol. 15, pp. 293-303.
    • (2005) Applied Financial Economics , vol.15 , pp. 293-303
    • Jiraporn, P.1
  • 35
    • 0000862461 scopus 로고
    • Earnings Management During Import Relief Investigations
    • Jones, J. (1991), 'Earnings Management During Import Relief Investigations', Journal of Accounting Research, Vol. 29, pp. 193-228.
    • (1991) Journal of Accounting Research , vol.29 , pp. 193-228
    • Jones, J.1
  • 36
    • 0036331491 scopus 로고    scopus 로고
    • Audit Committee, Board of Director Characteristics, and Earnings Management
    • Klein, A. (2002), 'Audit Committee, Board of Director Characteristics, and Earnings Management', Journal of Accounting and Economics, Vol. 33, pp. 375-400.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 375-400
    • Klein, A.1
  • 41
    • 27744568017 scopus 로고    scopus 로고
    • Family Control and the Rent-Seeking Society
    • Summer
    • Morck, R. and B. Yeung (2004), 'Family Control and the Rent-Seeking Society', Entrepreneurship Theory and Practice (Summer), pp. 391-409.
    • (2004) Entrepreneurship Theory and Practice , pp. 391-409
    • Morck, R.1    Yeung, B.2
  • 42
    • 27744576401 scopus 로고    scopus 로고
    • Corporate Governance, Economic Entrenchment and Growth
    • Morck, R., D. Wolfenzon and B. Yeung (2005), 'Corporate Governance, Economic Entrenchment and Growth', Journal of Economics Literature, Vol. 43, pp. 655-720.
    • (2005) Journal of Economics Literature , vol.43 , pp. 655-720
    • Morck, R.1    Wolfenzon, D.2    Yeung, B.3
  • 43
    • 0012533256 scopus 로고    scopus 로고
    • The Value of Corporate Voting Rights and Control: A Cross-Country Analysis
    • Nenova, T. (2003), 'The Value of Corporate Voting Rights and Control: A Cross-Country Analysis', Journal of Financial Economics, Vol. 68, pp. 325-51.
    • (2003) Journal of Financial Economics , vol.68 , pp. 325-351
    • Nenova, T.1
  • 44
    • 77953891417 scopus 로고    scopus 로고
    • The Impact of Dual Class Structure on Earnings Management Activities
    • Nos.
    • Nguyen V. T. and L. Xu (2010), 'The Impact of Dual Class Structure on Earnings Management Activities', Journal of Business Finance & Accounting, Vol. 37, Nos. 3 & 4, pp 456-85.
    • (2010) Journal of Business Finance & Accounting , vol.37 , Issue.3-4 , pp. 456-485
    • Nguyen, V.T.1    Xu, L.2
  • 45
    • 0002509362 scopus 로고    scopus 로고
    • Detecting Earnings Management using Cross-Sectional Abnormal Accruals Models
    • Peasnell, K. V., P. F. Pope and S. Young (2000), 'Detecting Earnings Management using Cross-Sectional Abnormal Accruals Models', Accounting and Business Research, Vol. 30, pp. 313-26.
    • (2000) Accounting and Business Research , vol.30 , pp. 313-326
    • Peasnell, K.V.1    Pope, P.F.2    Young, S.3
  • 46
    • 27844442294 scopus 로고    scopus 로고
    • Board Monitoring and Earnings Management: Do Outside Directors Influence Abnormal Accruals?
    • Nos.
    • Peasnell, K. V., P. F. Pope and S. Young (2005), 'Board Monitoring and Earnings Management: Do Outside Directors Influence Abnormal Accruals? Journal of Business Finance & Accounting, Vol. 32, Nos. 7 & 8, pp. 1311-46.
    • (2005) Journal of Business Finance & Accounting , vol.32 , Issue.7-8 , pp. 1311-1346
    • Peasnell, K.V.1    Pope, P.F.2    Young, S.3
  • 47
    • 53349177200 scopus 로고
    • Some Differences in Corporate Structure in Germany, Japan, and the United States
    • Roe, M. J. (1993), 'Some Differences in Corporate Structure in Germany, Japan, and the United States', Yale Law Journal, Vol. 102, pp. 1927-2003.
    • (1993) Yale Law Journal , vol.102 , pp. 1927-2003
    • Roe, M.J.1
  • 49
    • 62249203637 scopus 로고    scopus 로고
    • Ultimate Institutional Owner and Takeover Defenses in the Controlling versus Minority Shareholders Context
    • Ruiz-Mallorquí, M. V. and D. J. Santana Martín (2009), 'Ultimate Institutional Owner and Takeover Defenses in the Controlling versus Minority Shareholders Context', Corporate Governance: An International Review, Vol. 17, pp. 238-54.
    • (2009) Corporate Governance: An International Review , vol.17 , pp. 238-254
    • Ruiz-Mallorquí, M.V.1    Santana Martín, D.J.2
  • 50
    • 34547727289 scopus 로고    scopus 로고
    • Family Ownership and Pyramids in the Spanish Market
    • Sacristán, M. and S. Gómez (2007), 'Family Ownership and Pyramids in the Spanish Market', Family Business Review, Vol. 20, pp. 247-65.
    • (2007) Family Business Review , vol.20 , pp. 247-265
    • Sacristán, M.1    Gómez, S.2
  • 54
    • 84934564015 scopus 로고
    • Takeover Threats and Managerial Myopia
    • Stein, J. (1988), 'Takeover Threats and Managerial Myopia', Journal of Political Economy, Vol. 96, pp. 61-80.
    • (1988) Journal of Political Economy , vol.96 , pp. 61-80
    • Stein, J.1
  • 55
    • 45549112378 scopus 로고
    • Managerial Control of Voting Rights: Financing Policies and the Market for Corporate Control
    • Stulz, R. M. (1988), 'Managerial Control of Voting Rights: Financing Policies and the Market for Corporate Control', Journal of Financial Economics, Vol. 20, pp. 25-54.
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stulz, R.M.1
  • 56
    • 33646477423 scopus 로고    scopus 로고
    • How Do Family Ownership, Control and Management Affect Firm Value?
    • Villalonga, B. and R. Amit (2006), 'How Do Family Ownership, Control and Management Affect Firm Value? Journal of Financial Economics, Vol. 80, pp. 385-417.
    • (2006) Journal of Financial Economics , vol.80 , pp. 385-417
    • Villalonga, B.1    Amit, R.2
  • 58
    • 17544365305 scopus 로고    scopus 로고
    • Corporate Ownership Structure and the Informativeness of Earnings
    • Yeoh, G., P. Tan, K. Ho and S. Chen (2002), 'Corporate Ownership Structure and the Informativeness of Earnings', Journal of Business Finance & Accounting, Vol. 29, pp. 1023-46.
    • (2002) Journal of Business Finance & Accounting , vol.29 , pp. 1023-1046
    • Yeoh, G.1    Tan, P.2    Ho, K.3    Chen, S.4
  • 59
    • 42449090985 scopus 로고    scopus 로고
    • The Influence of Takeover Protection on Earnings Management
    • Zhao, Y., and K. H. Chen (2008), 'The Influence of Takeover Protection on Earnings Management', Journal of Business Finance & Accounting, Vol. 35, pp. 347-75.
    • (2008) Journal of Business Finance & Accounting , vol.35 , pp. 347-375
    • Zhao, Y.1    Chen, K.H.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.