Penelitian lni bertujuan guna mengetahui apakah Kebijakan Dividen dan Managerial Entrenchment yang diproksikan dengan kepemilikan institusional akan berpengaruh terhadap Kualitas laba. Dan Komite Audit mampu memoderasi Laba. ini juga melibatkan variabel bebas yaitu Kebijkan Dividen. Dengan menambahkan moderasi yakni Audit. Jenis penelitian vang digunakan dalam merupakan deskriptif asosiatif pen...

Abstract This paper analyzes the nonlinear relationship between corporate ownership structure and income manipulation through accrual-based earnings management in Egyptian context. To do so, we develop a sample of 78 listed non-financial firms, covering period 2008–2017. Using dynamic panel threshold analysis approach (Seo Shin J Econom 195: 169–186, 2016), found manipulations. proves presence ...

Our analysis examines whether or not there exists a differential impact of ownership between two distinct governance regimes: market-centered (US firms) and bank-centered (Japanese firms). We find that significant owners in the US are often quite effective in carrying out the monitoring function, although the potential to consume private benefits increases as ownership stakes rise. In Japan our...

The separation between ownership and control has been identified as the main cause of agency problem, resulting in a disparity interests agents those principals, consequently, there is an impact on performance. Corporate governance mechanisms are ways resolving problem at all levels. This study examines structure firm performance United Kingdom’s FTSE 350 companies from 2008-2018 fiscal years. ...

Previous theoretical and empirical studies suggest that CEOs' political connections are valuable to firms. We examine whether such connections become entrenched if the expected political capital fails to materialize and the firm lacks other types of political power. Using a sample of listed non-SOEs in China, we show that politically connected CEOs have a lower probability of turnover and cause...

Abstract This paper examines rent sharing in private investments public equity (PIPEs) between newly firms and investors. The evidence suggests highly asymmetric sharing. Newly earn a negative return of up to −15% the first post-PIPE year, while investors benefit due ability dictate transaction terms. results are economically relevant because are, at least recent years, more likely tap rather t...

W. V. Quine famously argues that though all knowledge is empirical, mathematics is entrenched relative to physics and the special sciences. Further, entrenchment accounts for the necessity of mathematics relative to these other disciplines. Michael Friedman challenges Quine’s view by appealing to historicism, the thesis that the nature of science is illuminated by taking into account its histor...