Επίτευξη στόχων κερδοφορίας και εταιρική διακυβέρνηση
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Keywords
Στόχοι κερδοφορίας ; Εταιρική διακυβέρνησηAbstract
The present project studies about a sample of Companies in the Eurozone,
during the period of 2014-2019, the way in which the quality of the Corporate
Governance and its mechanisms react to the tendency of the Companies to
achieve meet or beat earnings targets, that is to manipulate their earnings.
Corporate Governance is defined as the set of the rules that contributes to the
distribution of obligations and rights between the board of directors, the
principles, the shareholders and the rest of the stakeholders, and explains
extensively the decision-making process for Corporate matters, in order to
increase the value of the business. Achieving meet or beat earnings targets is
translated as, the achieving marginally positive profits or maintaining the profits
of a previous period or even the achieving analyst’s predictions about profits.
Furthermore, is studied the impact of the quality of the Corporate’s Governance
and the indicators that determine it, in achieving meet or beat earning targets
for countries under pressure from their macroeconomic environment and for
countries where the climate of the economy is more favorable for them. The
analysis of the results of regressions shows that a strong quality of Corporate
Governance like most indicators that capture it, reduce the incentive for
businesses to adopt profiteering practices. The findings of this research also
show, that countries which face financial difficulties have a higher tendency in
achieving meet or beat earning targets in comparison with the most
economically powerful countries, and this fact suggests that
macroeconomically difficulties are linked in a positive way with earnings
management.