Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/74509
Title: Discretionary accruals : signalling or earnings management in Australia?
Authors: Pham, HY
Chung, RYM
Roca, E
Bao, BH 
Keywords: Corporate governance
Discretionary accruals
Earnings management
Signalling
Stock returns
Issue Date: 2017
Publisher: Wiley-Blackwell
Source: Accounting and finance, 2017, p. 2 How to cite?
Journal: Accounting and finance 
Abstract: We investigate the signalling effect of discretionary accruals (DAC). Although we find that discretionary accruals are insignificantly related to contemporaneous stock returns, we uncover that income-increasing discretionary accruals of GAAP-complying growth firms are significantly and positively related to contemporaneous stock returns. Furthermore, we find that this positive effect is stronger among firms with better corporate governance mechanisms, such as Board of Directors Independence, Audit Committee Independence and Large Shareholders' Ownership. In addition to contemporaneous stock returns, we also find similar results with the future increase in dividends. Our findings are consistent with the argument that corporate governance can enhance the signalling effect of reported earnings of GAAP-complying growth firms. Accounting and Finance
URI: http://hdl.handle.net/10397/74509
ISSN: 0810-5391
EISSN: 1467-629X
DOI: 10.1111/acfi.12275
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

3
Last Week
1
Last month
Citations as of Jun 4, 2020

WEB OF SCIENCETM
Citations

2
Last Week
0
Last month
Citations as of Jun 7, 2020

Page view(s)

120
Last Week
6
Last month
Citations as of May 6, 2020

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.