HIGHLIGHTS
SUMMARY
Institutional and blockholder ownership has been found to affect financial reporting quality (e_g Velury and Jenkins 2006; Lai and Tam 2017; Dou et_al 2018). Similarly, managerial ownership has also been found to influence the quality of financial statements (e_g Gabrielsen et_al 2002; Ghosh and Moon 2010; Huang et_al 2013). Building on the view that employee ownership aligns the interests of employees with those of shareholders (Drucker 1978; Aoki 1984; Holmstrom and Milgrom 1991), the authors conjecture in this paper that firms with more employee ownership have lower incentives to manipulate reported performance. The authors . . .
If you want to have access to all the content you need to log in!
Thanks :)
If you don't have an account, you can create one here.