Corporate governance mechanisms and accretive share buyback to meet or beat earnings per share forecast
This study examines the Malaysian accretive share buybacks firms from year 2001 to 2008 to determine the relationship between the corporate governance mechanisms and accretive share buybacks, the earnings management device to meet or beat earnings per share (EPS) forecast. The regression results of...
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| 主要な著者: | , , |
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| フォーマット: | 論文 |
| 言語: | English |
| 出版事項: |
Universiti Malaysia Sarawak
2015
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| 主題: | |
| オンライン･アクセス: | http://repo.uum.edu.my/18671/1/IJBS%2016%203%202015%20344%20-%20363.pdf http://repo.uum.edu.my/18671/ http://www.ijbs.unimas.my/repository/pdf/Vol16-no3-paper1.pdf |
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| 要約: | This study examines the Malaysian accretive share buybacks firms from year 2001 to 2008 to determine the relationship between the corporate governance mechanisms and accretive share buybacks, the earnings management device to meet or beat earnings per share (EPS)
forecast. The regression results of this study reports the significant effect on the relationship
between corporate governance and accretive share buyback. Basically, there is positive effect
on the relationship between the board independence, CEO duality and board size with the
accretive share buyback to meet or beat EPS forecast (MBEF). Multiple directorships and
managerial ownership documents a negative relationship with accretive share buyback to
MBEF. However, this study identified insignificant relationship between board meetings
and accretive share buyback. Using the accretive share buyback as an earnings management
proxy is a new contribution to determine the roles of corporate governance on accretive share
buyback to MBEF rather a common study on accruals manipulations and corporate governance
mechanisms. |
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