Huang, Hsu-Huei; Chan, Min-Lee; Chang, Chih-Hsiang; … - In: Emerging Markets Finance and Trade 48 (2012) 7, pp. 105-121
Managers are more likely to overestimate earnings if they are less likely to be penalized when their forecasted earnings cannot be achieved. Since corporate governance is expected to influence a firm's monitoring mechanism, the authors argue that the corporate governance mechanism will also...