The impact of corporate governance on earnings quality: evidence from Peru
Purpose: The purpose of this paper is to explore whether firms with good corporate governance practices in countries with high levels of political and economic uncertainty, such as Peru, present a higher quality of accounting information. Design/methodology/approach: This study uses a multivariate regression analysis to investigate the impact of good corporate governance practices on the quality of accounting information for the firms listed in the Lima Stock Exchange (LSE). Findings: Firms included in the Good Corporate Governance Index, in the LSE, present more value relevant, more persistent and more conservative accounting reports. These results hold after controlling for a self-selection bias. Originality/value: It is the first paper to explore the impact of good corporate practices on earnings quality in Peru. Also, this study uses a two-state regression methodology to control for the self-selection bias in the sample.
Year of publication: |
2019
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Authors: | Melgarejo, Mauricio |
Published in: |
Journal of Accounting in Emerging Economies. - Emerald, ISSN 2042-1168, ZDB-ID 2589598-9. - Vol. 9.2019, 4 (04.11.), p. 527-541
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Publisher: |
Emerald |
Saved in:
Online Resource
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