Compliance with Corporate Governance Principles: Australian Evidence | Zendy

Maryam Safari | Zendy; Soheila Mirshekary | Zendy; Victoria Wise | Zendy

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Compliance with Corporate Governance Principles: Australian Evidence

Author(s) -

Maryam Safari,

Soheila Mirshekary,

Victoria Wise

Publication year - 2015

Publication title -

australasian accounting business and finance journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.298

H-Index - 10

eISSN - 1834-2019

pISSN - 1834-2000

DOI - 10.14453/aabfj.v9i4.2

Subject(s) - accrual , accounting , corporate governance , earnings management , business , compliance (psychology) , sample (material) , earnings , psychology , finance , social psychology , chemistry , chromatography

This study investigates the association between the level of compliance of Australian listed companies with Australian corporate governance principles, in aggregate, and the level of discretionary accruals using the modified Jones model. It is hypothesised that higher levels of compliance would be associated with lower levels of discretionary accruals. Data from a random sample of 214 Australian listed companies for the years 2009 and 2010 were used to test the hypothesis. The results demonstrate a significant negative relationship indicating that companies with higher levels of compliance engage in lower levels of earnings management via discretionary accruals.

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