أثر آليات حوكمة الشركات على إدارة الأرباح في شركات تجمع الأعمال : دراسة اختبارية

Abstract EN

The present research aimed to test the impact of corporate governance mechanisms on earning management in business groups, based on a sample of companies listed on the Egyptian Stock Exchange, the sample of the study consisted of (98) companies, of which (45) companies belonging to business groups, and (53) (Non business groups) During the period from 2013 to 2017 with a total number of observation(464) observation, the researchers relied on measuring theearnings management on the modified Jones model, and the governance mechanisms (as a variableIndependent) in: (managerial ownership, governmental ownership, institutional ownership, concentration of money The size of the board of directors, the independence of the board of directors, the independence of the role of the executive director, Big4), with the addition of some control variables are: (the size of the company, the rate of return on assets, and the percentage of leverage) to neutralize the expected impact on earningmanagement in companies The results of the research showed that there is a negative and significant impact on managerialearnings, corporate ownership and the size of the board of directors on the earningsmanagement, as well as a positive and significant impact on the governmental ownership, the independence of the board of directors and Big4.

Earnings management, While the results of the research at the level of the independent companies sample indicated a negative and significant impact between managerial ownership and governmental ownership and the independence of the board of directors on the earningsmanagement, and also found a positive and significant impact for both: Concentrated Ownership and Big4 on the earnings management.