Voluntary Disclosure of Financial and Capital Market Data and Earnings Management: Empirical Evidence from Uganda

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dc.contributor.authorEtengu, Robert O.
dc.contributor.authorOlweny, Tobias O.
dc.contributor.authorOluoch, Josephat O.
dc.date.accessioned2020-01-24T07:24:20Z
dc.date.available2020-01-24T07:24:20Z
dc.date.issued2020
dc.description.abstractThis paper examines the effect of voluntary disclosure of financial and capital market data on earnings management among listed firms at the Uganda Securities Exchange. The paper is premised on the idea that the provision of voluntary disclosure of financial and capital market data contributes to the reduction of information asymmetry and that lower information asymmetry makes it more difficult for managers to engage in earnings management practices. We proxy earnings management following the modified Jones model (Dechow, Sloan, & Sweeney, 1995) and use annual reports of 9 listed non-financial firms at the Uganda Securities Exchange for the period 2012 to 2017. Applying robust regression analysis, we find that voluntary disclosure of financial and capital market data is positively and insignificantly related to earnings management. This suggests that the disclosure of financial and capital market data in the annual reports of listed firms at the Uganda Securities Exchange doesn’t necessarily reduce the incentives for managers to engage in earnings management through discretionary accruals.en_US
dc.identifier.citationEtengu, R. O., Olweny, T. O., & Oluoch, J. O. (2020). Effect of Corporate Disclosure on Earnings Management Among Listed Firms At The Uganda Securities Exchange: A Critical Evaluation and Literature Survey.en_US
dc.identifier.urihttps://hdl.handle.net/123456789/108
dc.language.isoenen_US
dc.publisherJournal of Finance and Investment Analysisen_US
dc.subjectVoluntary disclosureen_US
dc.subjectFinancial and capital market dataen_US
dc.subjectEarnings managementen_US
dc.subjectUganda Securities Exchangeen_US
dc.titleVoluntary Disclosure of Financial and Capital Market Data and Earnings Management: Empirical Evidence from Ugandaen_US
dc.typeArticleen_US

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