English, Article edition: Corporate governance and earnings management at large U.S. bank holding companies Cornett, Marcia Millon; McNutt, Jamie John; Tehranian, Hassan

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/31970
Physical Description
  • article
Language
  • English

Edition details

Title
  • Corporate governance and earnings management at large U.S. bank holding companies
Author
  • Cornett, Marcia Millon
  • McNutt, Jamie John
  • Tehranian, Hassan
Physical Description
  • article
Notes
  • This paper examines whether corporate governance mechanisms affect earnings and earnings management at the largest publicly traded bank holding companies in the United States. We first find that performance, earnings management, and corporate governance are endogenously determined. Thus, OLS estimation can lead to biased coefficients and a simultaneous equations approach is used. We find that CEO pay-for-performance sensitivity (PPS), board independence, and capital are positively related to earnings and that earnings, board independence, and capital are negatively related to earnings management. We also find that PPS is positively related to earnings management. Finally, PPS and board independence are positively related and the relationship is bidirectional. While both PPS and board independence are associated with higher earnings, our results indicate that more independent boards appear to constrain the earnings management that greater PPS compels.
  • Corporate governance Earnings management Financial performance Financial institutions
  • RePEc:eee:corfin:v:15:y:2009:i:4:p:412-430
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment