Tunisia
Research Article
Earnings Management and Board Characteristics: Evidence from French Listed
Firms
Author(s): Olfa Daghsni, Mighri Zouhayer and Karim Bel Hadj MbarekOlfa Daghsni, Mighri Zouhayer and Karim Bel Hadj Mbarek
The purpose of this paper is to test the effect of the board characteristics including; its size, independence, the CEO duality and its activity on the earnings management in companies listed on the SBF 250. We use discretionary accruals (DA) as a proxy for the earnings management. To calculate DA, we use two models which are the modified Jones model (and performance-matched discretionary accruals estimated from the modified Jones model. Based on a sample of 70 French listed companies over the period of 4 years from 2008 to 2012, the study finds that the earnings management is negatively associated with the board size. This suggests that large boards are more effective in monitoring a CEO‘s action. The CEO duality is found to have a positive relationship with the earnings management suggesting that, by combining the role of the CEO and that of the chairman of the board helps inc.. Read More»
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