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| Author: | Dempsey, S. J. Hunt III, H. G. Schroeder, N. W. |
| Title: | Earnings management and corporate ownership structure: an examination of extraordinary item reporting. |
| Journal: | Journal of Business Finance and Accounting
1993 : JUN, VOL. 20:4, p. 479-500 |
| Index terms: | EARNINGS COMPANY OWNERSHIP FINANCIAL STATEMENTS MANAGEMENT CONTROL |
| Language: | eng |
| Abstract: | This study examines the empirical relation between a three-way classification of corporate ownership structure and earnings management through the use of extraordinary item (EI) reporting. The EI reporting decisions examined are those made during 1960-1966, a time period when US reporting standards allowed considerable management discretion with respect to both the classification of EIs and their placement in the financial statements. Overall, the results provide strong support for income-increasing behavior by non-owner managers. Importantly, the results also suggest that three-way ownership classification scheme is superior to the dichotomous owner-controlled/manager- controlled classification typically. |
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