Title

A study on the impact of corporate governance on earnings management and stock price of select publicly listed companies in the Philippines for the years 2011 to 2015

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

Defense Panel Member

Herminigilda E. Salendrez
Juancho S. Ong

Abstract/Summary

This study focuses on the impact of corporate governance (CG) on earnings management (EM) and stock price (SP). With numerous literatures focusing on these concepts on an individual level, this study aims to determine the relationship between these concepts. Through the use of different theories as lenses of analysis, a deeper understanding of CG and its impact on EM and SP is achieved.

The researchers broke down CG into nine attributes-- ownership concentration, CEO dominance, board size, board independence, audit committee independence, audit committee competence, independent director's ownership, managerial ownership, and debt reliance. EM is quantified using the modified Jones (1995) model, and SP is quantified using a ten-day average (Teker & Yuksel, 2014) beginning from the date of the release of the firm's annual report.

Using corporate disclosures of select publicly listed companies in the Philippine Stock Exchange from 2011 to 2015, this study found that all the different internal control mechanism of CG are insignificant in relation to EM. On the other hand, ownership concentration and board size are found to have a significant relationship to SP.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU18995

Shelf Location

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

Physical Description

1 volume (various foliations) ; 28 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Corporate governance--Philippines; Earnings management--Philippines; Stocks--Prices--Philippines

This document is currently not available here.

Share

COinS