Corporate Governance and Reliability of Financial Reporting in Central Government Agencies

Arcas-Pellicer, Maria-Jose ; Pina, Vicente (Universidad de Zaragoza) ; Torres, Lourdes (Universidad de Zaragoza)

Resumen: The objective of this paper is to determine the effects of the corporate governance practices of central government agencies on the reliability of nancial reporting. There has been a considerable growth of these agencies across countries, and there are no studies about the relationship between the features of their corporate governance and the level of reliability of their financial reports. This paper provides evidence of systematic upward earnings management by agencies that apply the Private Sector Chart of Accounts to improve their financial performance and to compensate for the reduction of revenues during the worst years of the financial crisis. The results also show that abnormal accruals have a significant and inverse relationship with the percentage of independent directors and women on the boards, i.e., diversity improves the reliability of the financial information of these entities. (C) 2022 ASEPUC. Published by EDITUM - Universidad de Murcia.

Idioma: Inglés

DOI: 10.6018/rcsar.401651

Año: 2022

Publicado en: Revista de Contabilidad-Spanish Accounting Review 25, 1 (2022), 76-88
ISSN: 1138-4891

Factor impacto JCR: 1.8 (2022)

Categ. JCR: BUSINESS, FINANCE rank: 77 / 111 = 0.694 (2022) - Q3 - T3

Factor impacto CITESCORE: 3.3 - Business, Management and Accounting (Q2)

Factor impacto SCIMAGO: 0.355 - Accounting (Q3)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S56-17R
Financiación: info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2015-66240-P

Tipo y forma: Artículo (Versión definitiva)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)