Corporate Governance, information intermediation, and earnings management

Based on four empirical studies, this thesis investigates the interrelation of corporate governance, information intermediation, and earnings management. First, the thesis complements the discussion initiated by the European Securities and Market Authorities about the role of proxy advisors at European shareholder meetings by providing empirical evidence on the influence and method consistency of these advisors for a European setting (Study 1). The respective findings are twofold; they indicate a significant correlation between negative proxy voting recommendations and voting dissent as wel...