Туаев Тамерлан Игоревич
Impact of Board Characteristics on Company Earnings Management
Стратегическое управление финансами фирмы
Literally every company in the world can artificially manipulate earnings that it reports. Boards of directors, being the most influential elements of firms are those who can either consent or forbid earnings management. This article examines the impact of board characteristics on earnings management. Using a sample of 3671 companies from developing countries I use panel data regressions to estimate the degree of earnings management and cross-sectional linear regressions to show that age of directors, their gender, type of education and size of audit committee impact earnings management, while size of board, share of independent directors and level of education are irrelevant.