Lobo, Gerald J.2019-09-182019-09-18August 2012017-08August 201https://hdl.handle.net/10657/4762The accounting literature often views managers as individuals whose financial reporting decisions are determined by their economic incentives and individual characteristics. However, managers typically work in a team and most decisions have at least some input from other members of the team. This study examines the impact of top management team (TMT) characteristics on financial reporting quality, as proxied by accounting restatements and both accrual and real earnings management. The results indicate that firms with TMTs that have more similar backgrounds and longer experience working together are more likely to misreport their financial statements. Additional tests document that these firms also engage in more accrual and real earnings management when they face income-increasing earnings management incentives. Moreover, the impact of TMTs on financial reporting quality varies with board compositions. TMT shared experience and homogeneity are more positively related to restatements for firms with lower percentage of independent directors and longer-tenured audit committee members. These findings indicate that top management team characteristics are important determinants of firms’ financial reporting quality.application/pdfengThe author of this work is the copyright owner. UH Libraries and the Texas Digital Library have their permission to store and provide access to this work. Further transmission, reproduction, or presentation of this work is prohibited except with permission of the author(s).Financial Reporting QualityTop Management Team2019-09-18Thesisborn digital