Board characteristics and real earnings management

Chaur-Shiuh Young, Liu Ching Tsai, Chia Hui Chen, Ssu Ting Liao

研究成果: Article同行評審

3 引文 斯高帕斯(Scopus)


This study combines the real-earnings-management literature and the corporate-governance literature to examine how board characteristics affect real earnings management induced by benchmark meeting/beating incentives. Using a sample of U.S. listed companies over the period of 2003-2006, we find that managers are more likely to exercise real earnings management in order to avoid negative earnings, sustain prior year's earnings or meet/beat analysts' consensus earnings forecast. With regard to the role of board characteristics, our results indicate that boards with higher independence and professionalism can effectively constrain earnings-thresholds-induced real earnings management. Our overall findings are consistent with the notion that board governance plays a vital role in restraining real earnings management.

頁(從 - 到)363-400
期刊NTU Management Review
出版狀態Published - 2012 12月 1

All Science Journal Classification (ASJC) codes

  • 商業、管理和會計 (全部)


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