search query: @author Osma, B.G. / total: 3
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| Author: | Osma, B.G. |
| Title: | Board independence and real earnings management: the case of R&D expenditure |
| Journal: | Corporate governance
2008 : MAR, VOL. 16:2, p. 116-131 |
| Index terms: | board of directors agency theory earnings R&D expenditure companies United Kingdom |
| Language: | eng |
| Abstract: | This paper explores the role of boards of directors in constraining research and development (R&D) spending manipulation. Based on a large sample of U.K. firms, it is studied whether independent boards are efficient at detecting and constraining myopic R&D cuts. The results indicate among others that more independent boards constrain the manipulation of R&D expenditure. |
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