Does good corporate governance enhance accruals quality during the Global Financial Crisis?

Husam Aldamen, Keith Duncan

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Abstract

This paper examines the impact of corporate governance practices on accruals quality during the global financial crisis (GFC). Prior research establishes linkages between good governance and accruals quality during periods of financial stability (Strydom 2008; Kent et al. 2010; Dhaliwal et al. 2010). We extend this analysis to the 2008-2009 GFC period to assess whether the monitoring and informational benefits of corporate governance mitigate the negative effects of the exogenous shock, thereby increasing accruals quality. Our findings show that good corporate governance practices increases accruals quality during the GFC. Furthermore, governance is shown to positively impact innate accruals quality and, to some extent, discretionary accruals quality.
Original languageEnglish
Title of host publicationProceedings of the 2012 AFAANZ Conference
EditorsK Chalmers, D Hay
Place of PublicationMelbourne
PublisherAccounting and Finance Association of Australia and New Zealand
Pages1-28
Number of pages28
Publication statusPublished - 2012
Event2012 Accounting and Finance Association of Australia and New Zealand Conference - Melbourne, Melbourne, Australia
Duration: 1 Jul 20122 Jul 2012
http://www.afaanz.org/conferences

Conference

Conference2012 Accounting and Finance Association of Australia and New Zealand Conference
Abbreviated titleAFAANZ Conference
CountryAustralia
CityMelbourne
Period1/07/122/07/12
Internet address

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    Aldamen, H., & Duncan, K. (2012). Does good corporate governance enhance accruals quality during the Global Financial Crisis? In K. Chalmers, & D. Hay (Eds.), Proceedings of the 2012 AFAANZ Conference (pp. 1-28). Melbourne : Accounting and Finance Association of Australia and New Zealand.