Title

Corporate governance structure and the likelihood of fraudulent financial reporting: A Philippine case

Date of Publication

2016

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Arnel Onesimo O. Uy
Cynthia P. Cudia

Defense Panel Chair

Cynthia P. Cudia

Defense Panel Member

Arnel Onesimo O. Uy
Cynthia P. Cudia

Abstract/Summary

In considering the detrimental effects fraudulent financial activities have on stakeholders, this study aims to provide evidence on how corporate governance, being the main managerial standard and monitoring control of a firm, can affect the likelihood of firms to engage in fraudulent financial reporting. With the agency theory as the main explanatory framework for this study, we construct several hypotheses that theorize the effects of specific corporate governance characteristics (such as board structure, independence, audit committees and etc.) on a firms tendency to commit fraudulent financial reporting, which is in turn measured using the Altman Z-score and the Beneish M-score. This study involves non-financial firms traded in the Philippine Stock Exchange over the period 2010 to 2015 and uses standard logistic regression technique to empirically analyze the effects of corporate governance on the likelihood to commit fraudulent financial reporting. Our findings suggest that all variables of interest have a significant relationship that conform to a-priori expectations except for CEO duality.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU23399

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

v, 58, 4 leaves : illustrations ; 29 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Accounting fraud--Philippines; Corporate governance--Philippines

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