Associations between internal and external corporate governance characteristics: Implications for investigating financial accounting restatements

William R. Baber, Lihong Liang, Zinan Zhu

Research output: Contribution to journalArticle

24 Scopus citations

Abstract

Empirical analysis in this study documents changes in the corporate governance characteristics, and changes in associations between governance characteristics, during the period 1997 to 2005. Further investigation indicates that corporate governance characteristics and the probability of financial accounting restatement are related in 2005, but not 1997. Finally, we demonstrate the importance of considering interactions among governance characteristics when investigating governance as a determinant of financial reporting quality. These results inform thinking about empirical investigations of associations between corporate governance characteristics and financial accounting restatements.

Original languageEnglish (US)
Pages (from-to)219-237
Number of pages19
JournalAccounting Horizons
Volume26
Issue number2
DOIs
StatePublished - Jan 1 2012

Keywords

  • Accounting restatements
  • Corporate governance
  • Governance regulation

ASJC Scopus subject areas

  • Accounting

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