Marital status and earnings management

Marital status and earnings management

In this note, we examine the effect of CEO marital status on the riskiness of financial reporting. Using multiple proxies, we find that firms headed by a single CEO display a higher degree of earnings management than those headed by a married CEO. The effect is economically significant. Our results...

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Bibliographic Details
Main Authors: HILLARY, Gilles, Sterling HUANG, XU, Yanping
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
marital status
earnings management
risk-taking
Finance and Financial Management
Labor Relations
Online Access:https://ink.library.smu.edu.sg/soa_research/1544
https://ink.library.smu.edu.sg/context/soa_research/article/2571/viewcontent/MARITAS_STATUS_AV.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:In this note, we examine the effect of CEO marital status on the riskiness of financial reporting. Using multiple proxies, we find that firms headed by a single CEO display a higher degree of earnings management than those headed by a married CEO. The effect is economically significant. Our results persist in an instrumental variable regression, suggesting that our results are not driven by innate heterogeneity in preferences.

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