Regulatory reforms, board independence and earnings quality

Qazi Awais Amin and Douglas Cumming

Journal of International Financial Markets, Institutions and Money, 2023, vol. 88, issue C

Abstract: We investigate the exogenous increase in the proportion of independent non-executive directors (INEDs) in response to the corporate governance regulations 2012 in Singapore and Vietnam to estimate the effectiveness of INEDs in restraining earnings management. We also investigate the moderating effect of two important characteristics of INEDs: education and tenure on the relationship between regulations 2012 and earnings management. Our core findings show that voluntary adopters with better INEDs education and optimal tenure experience a significant decrease in earnings management compared to mandatory adopters with lower of INEDseducation and suboptimal tenure.

Keywords: Board independence; Earnings management; Corporate governance regulations; Board education; Board tenure (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:88:y:2023:i:c:s1042443123001087

DOI: 10.1016/j.intfin.2023.101840

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