English, Article edition: ESOPs and earnings management: an empirical note Pornsit Jiraporn

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Bookmark: http://trove.nla.gov.au/version/50597
Physical Description
  • article
Language
  • English

Edition details

Title
  • ESOPs and earnings management: an empirical note
Author
  • Pornsit Jiraporn
Physical Description
  • article
Notes
  • This study seeks to ascertain the impact of employee stock ownership plans (ESOPs) on earnings management. The empirical evidence shows that firms with larger ESOP ownership exhibit a lower degree of earnings management. I suggest that this is the case because ESOPs motivate employees to monitor management, hence, reducing managerial opportunism in the form of earnings management. Besides, ESOPs may act as a takeover defence and help managers take the long-term view of the firm, thus, lessening the motivation for short-term transient earnings distortion. Finally, there is evidence that ESOP ownership alleviates earnings management only in firms where outside blockholders are present.
  • RePEc:taf:apfelt:v:3:y:2007:i:5:p:287-293
Language
  • English
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