National culture, ownership concentration and earnings management
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2019-08-19
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en
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Abstract
This research studies the relationship between earnings management as the dependent variable, and national culture, ownership concentration and the interaction between national culture and ownership concentration as the independent variables. It tries to add to the current literature by taking into account two forms of earnings management: real and accrual-based earnings management, by using the national culture model of Gray (1988) instead of the popular Hofstede model, and by taking into account the interaction between national culture and ownership concentration. 12254 companies were analyzed, the results showed that both measures of national culture: secrecy and conservatism had a negative effect on real earnings management. However, no significant effects were found for national culture on accrual-based earnings management, and for ownership concentration and the interaction term on both measures of earnings management. The main implication of this study is that national culture impacts earnings management, but that there is still work to do in order to find out how culture and ownership concentration influence earnings management.
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Faculteit der Managementwetenschappen