Abstract
This study investigates the relation between managerial overconfidence and earnings management and whether this relation is moderated by family control. Using a sample of Taiwan-listed firms, we estimate managerial overconfidence from manager dealings and determine the following: First, overconfident managers are more likely to engage in earnings management behaviors; second, family control negatively moderates the positive relation between managerial overconfidence and earnings management; and third, the negative moderating effects of family control primarily result from family chief executive officers.
Original language | English |
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Article number | 1350010 |
Journal | Review of Pacific Basin Financial Markets and Policies |
Volume | 16 |
Issue number | 2 |
DOIs | |
State | Published - Jun 2013 |
Keywords
- earnings management
- family chief executive officers
- family control
- M10
- M41 © 2013 World Scientific Publishing Co. and Center for Pacific Basin Business, Economics and Finance Research.
- Managerial overconfidence
- moderating effect D03