Assessing the Impact of Director Interlocks on Corporate Performance and Earnings Manipulation
DOI:
https://doi.org/10.17605/cajssh.v6i3.1186Keywords:
Board of Director Interlock, Firm Performance, Return On Asset, Earnings Management, Discretionary AccrualAbstract
This study aims to identify and analyze the effect of board of director interlock on firm performance and earnings management in non-financial public companies in 2016. A quantitative research approach was adopted, with the population consisting of firms that met specific criteria relevant to the research. A total of 199 firms qualified and were included in the study. The analysis model used was Simple Linear Regression, conducted using the statistical software SPSS version 23. The primary objective was to examine whether interlocking directorships—where a board member holds a position on the board of more than one company—have a significant impact on a company’s financial and market performance, as well as its earnings management practices. The hypothesis testing revealed that board of director interlock does not have a statistically significant effect on firm performance, whether measured by financial performance indicators such as Return on Assets (ROA) or by market performance indicators such as Tobin’s Q. Furthermore, the presence of board interlock was also found to have no significant influence on earnings management, as measured through discretionary accruals. These findings suggest that board interlock, in the context of the sampled firms, does not play a substantial role in influencing firm performance or earnings management practices.
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4. S. Akram and Z. Pervaiz, "The Role of Institutions and Social Inclusion in Trust Building," Qual. Quant., vol. 58, pp. 3887–3903, 2024.
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6. D. Qehaja, F. Zeka, and A. Hoti, "The effect of foreign direct investments on trade balance in southeast Europe during the period 2000–2018," International Journal of Applied Economics, Finance and Accounting, vol. 13, no. 1, pp. 29-39, 2022.
7. E. Perjuci and A. H. O. Hoti, "The effects of international financial reporting standards implementation on the financial performance and position of businesses in developing countries: Evidence from Kosovo," International Journal of Applied Economics, Finance and Accounting, vol. 13, no. 1, pp. 1-9, 2022.
8. N. R. Palakurti and N. Kanchepu, “Machine learning mastery: Practical insights for data processing,” in Advances in Systems Analysis, Software Engineering, and High Performance Computing, IGI Global, USA, pp. 16–29, 2024.
9. N. R. Palakurti and S. Kolasani, “AI-driven modeling: From concept to implementation,” in Advances in Systems Analysis, Software Engineering, and High Performance Computing, IGI Global, USA, pp. 57–70, 2024.
10. N. R. Palakurti, "Bridging the gap: Frameworks and methods for collaborative business rules management solutions," Int. Sci. J. Res., vol. 6, no. 6, pp. 1-22, Mar. 2024.
11. N. R. Palakurti, "Data visualization in financial crime detection: Applications in credit card fraud and money laundering," Int. J. Manag. Educ. Sustain. Dev., vol. 6, no. 6, pp. 1-19, Jun. 2023.
12. D. B. Acharya, B. Divya, and K. Kuppan, "Explainable and fair AI: Balancing performance in financial and real estate machine learning models," IEEE Access, vol. 12, no.10, pp. 154022–154034, 2024.
13. K. Kuppan, D. B. Acharya, and B. Divya, "Foundational AI in insurance and real estate: A survey of applications, challenges, and future directions," IEEE Access, vol. 12, no. 12, pp. 181282–181302, 2024.
14. R. K. Dahal, "Customer satisfaction in Nepalese cellular networks," Tribhuvan University Journal, vol. 33, no. 2, pp. 59–72, 2019.
15. R. K. Dahal, "Contemporary management accounting techniques and organizational performance," Pravaha, vol. 26, no. 1, pp. 177–185, 2020.
16. R. K. Dahal, "Assessing social and environmental performance," Academy of Accounting and Financial Studies Journal, vol. 25, no. 6, pp. 1–9, 2021.
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18. D. Mahat, “Unveiling Faculty Performance through Student Eyes: A Comparative Study of Perspectives,” Formosa Journal of Multidisciplinary Research, vol. 2, no. 9, pp. 1575–1596, 2023.
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21. R. K. Dahal, "Customers' perspectives on the Nepalese cellular telecommunications services' technological and innovation capabilities," International Journal of Social Sciences and Management, vol. 9, no. 1, pp. 41–47, 2022.
22. D. B. Acharya, K. Kuppan and B. Divya, "Agentic AI: Autonomous Intelligence for Complex Goals—A Comprehensive Survey," in IEEE Access, vol. 13, no.1, pp. 18912-18936, 2025.
23. N. R. Palakurti, "Empowering rules engines: AI and ML enhancements in BRMS for agile business strategies," Int. J. Sustainable Dev. Through AI, ML and IoT, vol. 1, no. 2, pp. 1-20, Dec. 2022.
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25. N. R. Palakurti, "Intelligent security solutions for business rules management systems: An agent-based perspective," Int. Sci. J. Res., vol. 6, no. 6, pp. 1-20, Jan. 2024.
26. H. Hoti and L. S. Sopa, "Compliance with International Standards on Auditing (ISAs): Evidence from Kosovo for the Financial Reporting Period 2015–2019," Finance: Theory and Practice, vol. 26, no. 2, pp. 219-230, 2022.
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2025-05-01
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Sudha, P., Pradeep, V., Prabhakaran, S., Saranya Devi, S., & Lillyroslin, A. (2025). Assessing the Impact of Director Interlocks on Corporate Performance and Earnings Manipulation. Central Asian Journal of Social Sciences and History, 6(3), 196–209. https://doi.org/10.17605/cajssh.v6i3.1186
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