Real Earnings Management, Firm Value, and Corporate Governance: Evidence from the Korean Market
نویسندگان
چکیده
In this study, we investigate whether effective corporate governance (CG) intervenes in the relationship between real earnings management (REM) and firm value (FV) by introducing Korean market data. We find that management’s opportunistic REM behavior is no longer for firms characterized strong CG. More importantly, our interaction robustness analyses show evidence indicating CG plays an monitoring role preventing from engaging activities, FV ceases to experience decrease associated with activities as a consequence.
منابع مشابه
Does Corporate Governance Affect Firm Value? Evidence from Korea
† Earlier versions of this paper were presented at the Second Asian Conference on Corporate Governance (2002), 8th Mitsui Life Symposium on Global Financial Markets (2002), International Monetary Fund (2003), KAEA (Korea America Economic Association) annual meeting (2003), Korea Fair Trade Commission (2002), Korea Association of Industrial Organization (2002), KDI School of Public Policy and Ma...
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ژورنال
عنوان ژورنال: International Journal of Financial Studies
سال: 2022
ISSN: ['2227-7072']
DOI: https://doi.org/10.3390/ijfs10010019