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Managerial share ownership and discretionary accruals in Australia : do independent and executive directors have different incentives?

Khan, Arifur and Mather, Paul 2011, Managerial share ownership and discretionary accruals in Australia : do independent and executive directors have different incentives?, Corporate ownership and control, vol. 9, no. 1, Fall, pp. 122-135.

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Title Managerial share ownership and discretionary accruals in Australia : do independent and executive directors have different incentives?
Author(s) Khan, Arifur
Mather, Paul
Journal name Corporate ownership and control
Volume number 9
Issue number 1
Season Fall
Start page 122
End page 135
Publisher Virtus Interpress
Place of publication Sumy, Ukraine
Publication date 2011
ISSN 1727-9232
1810-3057
Summary We examine the relation between managerial share ownership (MSO) and discretionary accruals in Australia. We find a positive relation between MSO and discretionary accruals up to a certain level of MSO followed by a negative relation (inverse U-shaped). We suggest that these unique results are a result of certain Australian institutional features that are markedly different to those in the US and the UK and imply that the ownership-discretionary accruals relation is context specific with the wider corporate governance systems influencing the theorised incentive effects. We also posit that executive directors and independent directors have different ownership-discretionary accruals incentives and report results consistent with this proposition.
Language eng
Field of Research 150105 Management Accounting
150303 Corporate Governance and Stakeholder Engagement
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C2.1 Other contribution to refereed journal
Copyright notice ©2011, Virtus Interpress
Persistent URL http://hdl.handle.net/10536/DRO/DU:30041782

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