Gambling culture and earnings management: A novel perspective

被引：16
作者：
Alharbi, Samar S. [1 ]
Atawnah, Nader [2 ]
Ali, Muhammad Jahangir [3 ]
Eshraghi, Arman [4 ]
机构：
[1] Saudi Elect Univ, Coll Adm & Finance, Riyadh, Saudi Arabia
[2] United Arab Emirates Univ, Sch Business & Econ, Al Ain, U Arab Emirates
[3] La Trobe Univ, Dept Accounting Data Analyt Econ & Finance, Melbourne, Australia
[4] Cardiff Business Sch, Cardiff, Wales
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2023年 / 86卷
关键词：
Gambling; Earnings management; Earnings volatility; Ownership; Takeovers; CORPORATE GOVERNANCE; RELIGIOUS BELIEFS; ATTITUDES; EQUITY; MATTER; RISK; PERFORMANCE; CEOS; CONSEQUENCES; PREFERENCES;
D O I：
10.1016/j.iref.2023.03.039
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Do gambling preferences affect earnings management in a corporate context? We examine this potential link and find a positive and significant association between local gambling culture, as proxied by faith and firm-level earnings management. The results are robust to potential endo-geneity tested through relocation of corporate headquarters and change regressions. We also show that the impact of local gambling preferences on earnings management is stronger when firms are more risk-taking as proxied by higher earnings volatility. Further, this positive associ-ation between gambling preferences and earnings management is mitigated by closer monitoring through institutional investors and takeover threats.
引用
收藏
页码：520 / 539
页数：20
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