The influence of institutional investors on opportunistic earnings management

Ramzi Benkraiem

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Abstract: Abstract: Recent debates on institutional investors and their impact on corporate managers' accounting decisions have especially centered on the effectiveness of their monitoring role. Previous studies have reported mixed results on this question. This paper empirically examines the influence of institutional investors on earnings management in France. The results show that these investors can move corporate managers away from using discretionary accruals to adjust reported earnings. However, this influence is not systematic. It appears to be released only when managers are noticeably motivated to increase or reduce reported earnings. Otherwise, no statistically significant effect is observed.

Keywords: Corporate governance; discretionary accruals; earnings management; institutional investors. (search for similar items in EconPapers)
Date: 2008-09-09
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Citations: View citations in EconPapers (4)

Published in International Journal of Accounting, Auditing and Performance Evaluation, 2008, 5 (1), pp.89-106

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Journal Article: The influence of institutional investors on opportunistic earnings management (2008)
Working Paper: The influence of institutional investors on opportunistic earnings management (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01120986

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