Record Details

CORPORATE GOVERNANCE MECHANISMS AND ACCRETIVE SHARE BUYBACK TO MEET OR BEAT EARNINGS PER SHARE FORECAST

International Journal of Business and Society

View Archive Info
 
 
Field Value
 
Title CORPORATE GOVERNANCE MECHANISMS AND ACCRETIVE SHARE BUYBACK TO MEET OR BEAT EARNINGS PER SHARE FORECAST
 
Creator Chandren, Sitraselvi
Ahmad, Zamri
Ali, Ruhani
 
Description This study examines the Malaysian accretive share buybacks firms from year 2001 to 2008 to determine the relationship between the corporate governance mechanisms and accretive share buybacks, the earnings management device to meet or beat earnings per share (EPS) forecast. The regression results of this study reports the significant effect on the relationship between corporate governance and accretive share buyback. Basically, there is positive effect on the relationship between the board independence, CEO duality and board size with the accretive share buyback to meet or beat EPS forecast (MBEF). Multiple directorships and managerial ownership documents a negative relationship with accretive share buyback to MBEF. However, this study identified insignificant relationship between board meetings and accretive share buyback. Using the accretive share buyback as an earnings management proxy is a new contribution to determine the roles of corporate governance on accretive share buyback to MBEF rather a common study on accruals manipulations and corporate governance mechanisms.
Keywords: Accretive Share Buyback; Corporate Governance; Earnings Management; Earnings per Share.
 
Publisher Faculty of Economics and Business, UNIMAS
 
Date 2017-11-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://publisher.unimas.my/ojs/index.php/IJBS/article/view/572
 
Source International Journal of Business and Society; Vol 16 No 3 (2015): International Journal of Business and Society
1511-6670
 
Language eng
 
Relation http://publisher.unimas.my/ojs/index.php/IJBS/article/view/572/514
 
Rights Copyright (c) 2017 International Journal of Business and Society