118727 20230914083641.0 doi 10.3390/jrfm15090379 sideral 129860 ART-2022-129860 eng Jarne-Jarne, José Ignacio Universidad de Zaragoza (orcid)0000-0003-0334-192X The Impact of Organizational Culture on the Effectiveness of Corporate Governance to Control Earnings Management 2022 Access copy available to the general public Unrestricted The relationship between culture, earnings management and corporate governance has been studied in different ways, but the influence that culture has over the actual effectiveness of corporate governance to control earnings management has not, even though it should be a determinant factor to define successful governance schemes. Using Hofstede four organizational models as a framework, in this paper, we analyze a sample of companies listed in 16 different stock markets in terms of organizational culture, assessing their governance standards and performance in relation to earnings management, and measuring their actual effectiveness. The results confirm that earnings management is conditioned by organizational culture and that corporate governance acts as a brake on earnings management, regardless of the cultural field in which it is analyzed. However, its effectiveness depends on organizational culture, mostly on the uncertainty avoidance and the power distance. Therefore, modelling a country based on its organizational culture does limit the success of corporate governance policies and standards. This study brings in a new perspective for policy makers and practitioners to design and enforce their corporate governance policies targeting earnings management, according to the prevailing culture. The previous literature on the subject is complemented and enriched by this significant contribution, through which limitations in terms of the number of countries studied could be overcome by further studies addressing specific regions or sectors. info:eu-repo/grantAgreement/ES/MICINN/PID2019-107822RB-I00 info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 0.258 2022 Accounting 2022 Q3 Finance 2022 Q3 Economics and Econometrics 2022 Q3 Business, Management and Accounting (miscellaneous) 2022 Q3 0.7 2022 info:eu-repo/semantics/article Callao-Gastón, Susana Universidad de Zaragoza (orcid)0000-0003-1298-7183 Marco-Fondevila, Miguel Universidad de Zaragoza (orcid)0000-0003-2717-8389 Llena-Macarulla, Fernando Universidad de Zaragoza (orcid)0000-0001-8020-0229 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 15, 9 (2022), 379 [19 pp. J. risk financ. manag. Journal of Risk and Financial Management 1911-8074 640518 http://zaguan.unizar.es/record/118727/files/texto_completo.pdf 2945605 http://zaguan.unizar.es/record/118727/files/texto_completo.jpg?subformat=icon icon oai:zaguan.unizar.es:118727 articulos driver 2023-09-13-14:08:53 ARTICLE