TAILIEUCHUNG - The impact of CEO characteristics on real earnings management: Evidence from the US banking industry

Using US banking industry, this study investigates the impact of CEO characteristics on real activities manipulation achieved by changing the normal operational decisions purposely. Overall, our empirical results present a negative relationship between real earnings management (REM) and some CEO characteristics, including CEO tenure, the directorship on the audit committee and the level of diligence as well. High CEO compensation is found to increase the real earnings management while the levels of pay-performance sensitivities have different influences on it at banks with CEO high (HPPS) and low (LPPS) pay-performance-sensitivity respectively. CEO experiences turns out to have a positive effect on earnings management at HPPS banks and a negative effect on LPPS. CEO power has a significant influence in HPPS bank’s REM but it is not supported in LPPS banks. Holding other directorship has a significantly positive effect on earnings management at HPPS while it is not at LPPS bank. On the contrary, CEO’s meeting attendance and total compensation have positively affected REM at LPPS but they are not at HPPS. Finally, we surprisingly found that only CEO experience and profession has a significantly moderate effect on bank’s REM after financial crisis of 2008, however, all CEO characteristics have significant impacts on bank’s earnings management before crisis. We conjecture that experienced CEOs are easy to window dressing the financial statements when facing serious financial crisis. | The impact of CEO characteristics on real earnings management: Evidence from the US banking industry

• Ngân hàng - Tín dụng
• Earnings management
• CEO characteristics
• Real earnings management
• The US banking industry
• Impact of CEO characteristics
• Banking earnings management
• Accrual earnings management
• Loan loss provisions
• Jones model
• Modified jones model
• Loan loss provisions earnings management
• Earnings quality
• Dividend policy
• Frontier market
• Earnings quality in Vietnam
• Accounting undergraduate Honors theses
• The effect of CEO it expertise on the information environment
• Evidence from management earnings forecasts
• Management earnings forecasts
• Effective information technology
• Accrual based earnings management
• Sarbanes Oxley Act
• Information value
• Financial reporting
• Family ownership concentration on the relationship
• The characteristics of board of directors and earnings management
• Directors and earnings management
• Family Ownership Concentration
• Board of Directors Characteristics
• Listed firms
• Modified Jones Model listed firms
• Listed firms in Vietnam
• Earnings management behavior
• International Conference on Emerging Challenges
• Accounting comparability
• Accruals earnings management
• Frontier markets
• Reasonable value
• Ho Chi Minh City Stock Exchange
• Corporate performance
• Detecting earnings management
• Shared medical systems
• Earnings smoothing
• Sample questions
• Class handouts
• The role analysis of accrual management
• Loss loan provision factor
• Fair value accounting to earnings volatility
• The Stock Exchange of Indonesia Website
• Indonesia Capital Market
• The accrual management role
• Kinh tế kinh doanh
• Tạp chí khoa học
• Top Executive Gender
• Vietnamese Listed Firms
• M score model
• Non financial listed companies
• Beneish model
• Sales growth index
• Depreciation index
• Corporate governance on earnings management of enterprises listed
• Hochiminh stock exchange
• Ho Chi Minh Stock Exchange
• The CEO duality
• Corporate governance mechanism
• Corporate governance
• Enterprises listed
• Equity based compensation
• Directors’ and officers’ liability insurance coverage
• Equity based executive compensation
• Risk taking behavior
• Principles based standards
• Rules based standards
• IFRS adoption
• Price efficiency
• Classification shifting
• Analyst coverage
• Monitoring factors
• Chief Financial Officer
• Financial reporting quality
• Discretionary accruals
• China SOX
• Internal control over financial reporting
• Non audit fees
• Big 4
• Panel data
• Institute of Chartered Accountant of India
• Banks listed in Tehran Stock Exchange
• Tehran Stock Exchange
• Risk management on earnings volatility
• Dichev and Tang
• Journal of Accounting and Economics
• Board characteristics
• Sri Lanka
• Total market capitalisation of CSE
• Highest market capitalisation
• Summary of Doctor thesis
• Summary of Doctor of Accounting thesis
• Factors related to corporate governance
• Vietnam stock market
• Finance accounting and Auditing
• Jones model (1991)
• Ownership structure
• Debt ratio
• Financial performance
• Stochastic frontier analysis
• Performance evaluation
• Banking industry