Institutional investors and real earnings management: A meta-analysis

• Authors: Bartosz Kabaciński , Jacek Mizerka , Agnieszka Stróżyńska-Szajek

Abstracts

EN

The aim of the article is to examine the inuflence of institutional investor ownership on real earnings' management (REM) practices through a meta-regression analysis (MRA) based on a sample of 225 estimations from 19 articles. Some of the available research suggests a mitigating role for institutional investors who can serve as external monitors and thus reduce earnings' management activities which could have a negative impact on the company's value. eTh results obtained from the basic model conrfimed neither the hypothesis about the inuflence of institutional ownership on REM, nor the hypothesis about the existence of a signicfiant publication bias. Using an augmented MRA model conclusions in diefrent areas associated with structural and methodological heterogeneity were drawn. Diefrences in the impact of institu tional ownership on real earnings' management in diefrent regions of the world, a de pendence of the results on diefrent data characteristics and diefrences in the results depending on whether the article was published in a top journal or not were found.

Keywords

EN

real earnings management; institutional ownership; meta-analysis; corporate finance

• Publisher: Uniwersytet Ekonomiczny w Poznaniu. Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
• Journal: Economics and Business Review
• Year: 2022
• Volume: 8
• Issue: 2
• Pages: 50-79

Dates

published

2022

Contributors

author

Bartosz Kabaciński

• Poznań University of Economics and Business, Institute of Accounting and Financial Management

author

Jacek Mizerka

• Poznań University of Economics and Business, Institute of Accounting and Financial Management

author

Agnieszka Stróżyńska-Szajek

• Poznań University of Economics and Business, Institute of Accounting and Financial Management

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Identifiers

DOI

10.18559/ebr.2022.2.4

Biblioteka Nauki

2058072