Regulatory reforms, board independence and earnings quality

Amin, Q.A. ORCID: 0000-0002-7446-249X and Cumming, D., 2023. Regulatory reforms, board independence and earnings quality. Journal of International Financial Markets, Institutions and Money, 88: 101840. ISSN 1042-4431

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Abstract

We investigate the exogenous increase in the proportion of independent non-executive directors (INEDs) in response to the corporate governance regulations 2012 in Singapore and Vietnam to estimate the effectiveness of INEDs in restraining earnings management. We also investigate the moderating effect of two important characteristics of INEDs: education and tenure on the relationship between regulations 2012 and earnings management. Our core findings show that voluntary adopters with better INEDs education and optimal tenure experience a significant decrease in earnings management compared to mandatory adopters with lower of INEDseduca-tion and suboptimal tenure.

Item Type:	Journal article
Publication Title:	Journal of International Financial Markets, Institutions and Money
Creators:	Amin, Q.A. and Cumming, D.
Publisher:	Elsevier BV
Date:	October 2023
Volume:	88
ISSN:	1042-4431
Identifiers:	Number Type 10.1016/j.intfin.2023.101840 DOI 1807611 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Ward
Date Added:	22 Sep 2023 15:30
Last Modified:	20 Oct 2023 17:02
URI:	https://irep.ntu.ac.uk/id/eprint/49789

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