Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/55387
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dc.contributor.authorMoss, Supawadee Sukeecheepen
dc.date.accessioned2023-07-24T23:45:26Z-
dc.date.available2023-07-24T23:45:26Z-
dc.date.issued2016-03-
dc.identifier.citationACRN Oxford Journal of Finance and Risk Perspectives, 5(1), p. 160-182en
dc.identifier.issn2305-7394en
dc.identifier.issn2224-9729en
dc.identifier.urihttps://hdl.handle.net/1959.11/55387-
dc.description.abstractThe significant impact of recent, and often high-profile, corporate accounting scandals, is often attributed to earnings management and factors surrounding cost of equity capital. Understanding the relationship between these factors is important for both the management of corporations and for the confidence of their investors. The main of objective of this paper is to examine the influence of earnings management and corporate governance on the cost of equity capital in listed companies in Thailand and determine their impact, which could be used to initiate strategies to restore investor confidence. Earnings management in this paper is measured from the absolute value of discretionary accruals that are calculated from five different models. Corporate governance variables in this paper include board interlocking, board independence, board size, CEO-Chair duality, audit committee financial expertise, audit opinion, managerial ownership and institutional shareholders. The CAPM and Industry Adjusted Earnings to Price ratio model are used as a proxy for the cost of equity capital in this paper. To test the influence of these factors, a fixed-effect panel data regression model is applied. The results reveal that companies with higher earnings management, higher proportion of managerial ownership, institutional ownership, CEO-Chair duality and which receive modified audit opinions are likely to have higher cost of equity capital. In contrast, the companies that have higher proportion of board independence, audit committee financial expertise and board interlocking are likely to have lower cost of equity capital.en
dc.languageenen
dc.publisherACRN Oxford Ltden
dc.relation.ispartofACRN Oxford Journal of Finance and Risk Perspectivesen
dc.titleThe impact of corporate governance and earnings management practices on cost of equity capital: Evidence from Thai listed companiesen
dc.typeJournal Articleen
dcterms.accessRightsBronzeen
local.contributor.firstnameSupawadee Sukeecheepen
local.profile.schoolUNE Business Schoolen
local.profile.emailssukeec2@une.edu.auen
local.output.categoryC1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.publisher.placeOxford, United Kingdomen
local.format.startpage160en
local.format.endpage182en
local.peerreviewedYesen
local.identifier.volume5en
local.identifier.issue1en
local.title.subtitleEvidence from Thai listed companiesen
local.access.fulltextYesen
local.contributor.lastnameMossen
dc.identifier.staffune-id:ssukeec2en
local.profile.orcid0000-0001-9535-9283en
local.profile.roleauthoren
local.identifier.unepublicationidune:1959.11/55387en
dc.identifier.academiclevelAcademicen
local.title.maintitleThe impact of corporate governance and earnings management practices on cost of equity capitalen
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.relation.urlhttps://www.acrn-journals.eu/jofrp0501.htmlen
local.search.authorMoss, Supawadee Sukeecheepen
local.uneassociationNoen
local.atsiresearchNoen
local.sensitive.culturalNoen
local.year.published2016en
local.fileurl.closedpublishedhttps://rune.une.edu.au/web/retrieve/cd474c05-3459-4242-afd4-5ab438d801d1en
local.subject.for2020350103 Financial accountingen
local.subject.seo2020110301 Administration and business support servicesen
local.profile.affiliationtypeExternal Affiliationen
Appears in Collections:Journal Article
UNE Business School
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