Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/126940
Título: Related party transactions and earnings quality: the moderating role of female directors
Autores/as: Bona Sánchez, Carolina 
Elistratova Elistratova,Marina 
Pérez Alemán, Jerónimo 
Clasificación UNESCO: 530301 Contabilidad financiera
Palabras clave: Controlling Shareholders
Earnings Quality
Female Directors
Related Party Transactions
Tunnelling
Fecha de publicación: 2023
Publicación seriada: International Journal of Accounting and Information Management 
Resumen: Purpose: This study aims to analyse the effect of related party transactions (RPTs) on earnings quality in a sample of Spanish listed firms, as well as the moderating role played by female directors in the relationship between RPTs and earnings quality. Design/methodology/approach: The sample includes non-financial Spanish listed firms from 2005 to 2019. The authors use panel data analysis based on the firm fixed-effect estimator. Additionally, the authors use the two-step system generalized method of moments estimator to test the robustness of the results. Findings: The results show a negative effect of RPTs on earnings quality. Further analysis reveals that the negative effect is mainly driven by transactions between the firm and its directors and major shareholders, as well as by RPTs that are more likely to reflect insiders’ self-interest. Moreover, the authors show that the presence of female directors reduces the negative impact of RPTs on earnings quality. Practical implications: The study provides practical implications for investors, auditors and policymakers, who should be aware that RPTs might harm earnings quality and adversely affect the flow of financial capital to promising investment opportunities. Additionally, the study evidences the key governance role played by female directors regarding financial reporting policies as RPTs increase. Social implications: The findings promote the need for a higher representation of women in leadership positions since the authors reveal the key governance role played by female directors regarding financial reporting policies as RPTs increase. Originality/value: The results to emerge from the study complement available evidence concerning the effect of RPTs on earnings quality in a continental European country. The authors also provide novel evidence vis-à-vis the role of female directors in the relationship between RPTs and earnings quality.
URI: http://hdl.handle.net/10553/126940
ISSN: 1834-7649
DOI: 10.1108/IJAIM-07-2022-0143
Fuente: International Journal of Accounting and Information Management[ISSN 1834-7649], (Enero 2023)
Colección:Artículos
Adobe PDF (629,64 kB)
Vista completa

Google ScholarTM

Verifica

Altmetric


Comparte



Exporta metadatos



Los elementos en ULPGC accedaCRIS están protegidos por derechos de autor con todos los derechos reservados, a menos que se indique lo contrario.