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dc.contributor.authorPham, Hai Yenen_US
dc.contributor.authorChung, Richard Yiu-Mingen_US
dc.contributor.authorRoca, Eduardoen_US
dc.contributor.authorBao, Ben-Hsienen_US
dc.date.accessioned2018-12-13T01:30:36Z
dc.date.available2018-12-13T01:30:36Z
dc.date.issued2017en_US
dc.identifier.issn0810-5391en_US
dc.identifier.doi10.1111/acfi.12275en_US
dc.identifier.urihttp://hdl.handle.net/10072/381082
dc.description.abstractWe investigate the signalling effect of discretionary accruals (DAC). Although we find that discretionary accruals are insignificantly related to contemporaneous stock returns, we uncover that income‐increasing discretionary accruals of GAAP‐complying growth firms are significantly and positively related to contemporaneous stock returns. Furthermore, we find that this positive effect is stronger among firms with better corporate governance mechanisms, such as Board of Directors Independence, Audit Committee Independence and Large Shareholders’ Ownership. In addition to contemporaneous stock returns, we also find similar results with the future increase in dividends. Our findings are consistent with the argument that corporate governance can enhance the signalling effect of reported earnings of GAAP‐complying growth firms.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherWiley-Blackwell Publishingen_US
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto31en_US
dc.relation.ispartofjournalAccounting & Financeen_US
dc.subject.fieldofresearchFinancial Accountingen_US
dc.subject.fieldofresearchcode150103en_US
dc.titleDiscretionary accruals: signalling or earnings management in Australia?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.en_US
gro.hasfulltextNo Full Text


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