Results
Table 3 shows the OLS regression results for Equations 2 and 3.10
For the pooled sample analysis (Equation 2), consistently with previous studies, IND
and ACIND are negatively associated with AWCA and statistically significant (at 10% and
5% level, respectively). Our results also show that increasing the number of meetings for
boards and ACs strengthens earnings management monitoring activities, and that the association
between CEO Duality and earnings management is not significant. IFRS is negatively
related to AWCA and statistically significant at 10% level, showing that after the
IFRS introduction the level of earnings management decreased.