메뉴 건너뛰기




Volumn 41, Issue 3, 2006, Pages 262-289

Board composition, regulatory regime and voluntary disclosure

Author keywords

Board of directors; Corporate governance; Duality; Regulatory regime; Voluntary disclosure

Indexed keywords


EID: 33748148204     PISSN: 00207063     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.intacc.2006.07.001     Document Type: Article
Times cited : (514)

References (56)
  • 1
    • 0033095793 scopus 로고    scopus 로고
    • Association between corporate characteristics on disclosure levels in annual reports: A meta-analysis
    • Ahmed L., and Courtis J.K. Association between corporate characteristics on disclosure levels in annual reports: A meta-analysis. British Accounting Review 31 (1999) 31-61
    • (1999) British Accounting Review , vol.31 , pp. 31-61
    • Ahmed, L.1    Courtis, J.K.2
  • 2
    • 33748147106 scopus 로고    scopus 로고
    • Andersen, K.L., Deli, D. N., & Gillan, S. L. (2003). Boards of directors, audit committees, and the information content of earnings. Working Paper, John L. Weinberg Center for Corporate Governance, University of Delaware.
  • 4
    • 0030305316 scopus 로고    scopus 로고
    • An empirical analysis of the relation between the board of director composition and financial statement fraud
    • Beasley M.S. An empirical analysis of the relation between the board of director composition and financial statement fraud. Accounting Review 71 (1996) 443-465
    • (1996) Accounting Review , vol.71 , pp. 443-465
    • Beasley, M.S.1
  • 5
    • 33748185863 scopus 로고    scopus 로고
    • Beekes, W., Pope, P., & Young, S. (2002). The link between earnings conservatism and board composition: Evidence from the U.K. Working Paper, Lancaster University.
  • 6
    • 0031184823 scopus 로고    scopus 로고
    • Disclosure level and the cost of equity capital
    • Botosan C.A. Disclosure level and the cost of equity capital. Accounting Review 72 (1997) 323-350
    • (1997) Accounting Review , vol.72 , pp. 323-350
    • Botosan, C.A.1
  • 7
    • 0036004043 scopus 로고    scopus 로고
    • A re-examination of disclosure level and expected cost of capital
    • Botosan C.A., and Plumlee M.A. A re-examination of disclosure level and expected cost of capital. Journal of Accounting Research 40 (2002) 21-40
    • (2002) Journal of Accounting Research , vol.40 , pp. 21-40
    • Botosan, C.A.1    Plumlee, M.A.2
  • 8
    • 27944506968 scopus 로고    scopus 로고
    • The impact of statutory sanctions on the level and information content of voluntary corporate disclosure
    • Brown P., Taylor S.L., and Walter T.S. The impact of statutory sanctions on the level and information content of voluntary corporate disclosure. Abacus 35 (1999) 138-162
    • (1999) Abacus , vol.35 , pp. 138-162
    • Brown, P.1    Taylor, S.L.2    Walter, T.S.3
  • 9
    • 0000106797 scopus 로고
    • Do outside directors monitor managers? Evidence from tender offer bids
    • Byrd J.W., and Hickman K.A. Do outside directors monitor managers? Evidence from tender offer bids. Journal of Financial Economics 32 (1992) 195-221
    • (1992) Journal of Financial Economics , vol.32 , pp. 195-221
    • Byrd, J.W.1    Hickman, K.A.2
  • 10
    • 33748163713 scopus 로고    scopus 로고
    • Carcello, J.V. & Neal, T.L. (1997). Audit committee characteristics and auditor reporting. Working paper, http://ssrn.com/abstract=53917
  • 11
    • 0034369632 scopus 로고    scopus 로고
    • Association between independent non-executive directors, family control and financial disclosures in Hong Kong
    • Chen C.J.P., and Jaggi B. Association between independent non-executive directors, family control and financial disclosures in Hong Kong. Journal of Accounting and Public Policy 19 (2000) 285-310
    • (2000) Journal of Accounting and Public Policy , vol.19 , pp. 285-310
    • Chen, C.J.P.1    Jaggi, B.2
  • 12
    • 33748150190 scopus 로고    scopus 로고
    • Chtourou, S.M., Bedard, J., & Courteau, L. (2001). Corporate governance and earnings management. Working Paper, Universite Laval, Canada.
  • 14
    • 2142720242 scopus 로고    scopus 로고
    • Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the sec
    • Dechow P.M., Sloan R.G., and Sweeney A.P. Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the sec. Contemporary Accounting Research 13 (1996) 1-36
    • (1996) Contemporary Accounting Research , vol.13 , pp. 1-36
    • Dechow, P.M.1    Sloan, R.G.2    Sweeney, A.P.3
  • 15
    • 0000498358 scopus 로고    scopus 로고
    • Ownership and board structures in publicly traded corporations
    • Denis D.J., and Sarin A. Ownership and board structures in publicly traded corporations. Journal of Financial Economics 52 (1999) 187-223
    • (1999) Journal of Financial Economics , vol.52 , pp. 187-223
    • Denis, D.J.1    Sarin, A.2
  • 16
    • 33748202287 scopus 로고    scopus 로고
    • Denis, D.K., & McConnell, J.J. (2002). International corporate governance. Working Paper, Krannert Graduate School of Management, Purdue University.
  • 18
    • 0000806744 scopus 로고
    • Agency problems and theory of the firm
    • Fama E.F. Agency problems and theory of the firm. Journal of Political Economy 88 (1980) 288-307
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 20
    • 0026902902 scopus 로고
    • Power in top management teams: Dimensions, measurement and validation
    • Finkelstein S. Power in top management teams: Dimensions, measurement and validation. Academy of Management Journal 35 (1992) 505-538
    • (1992) Academy of Management Journal , vol.35 , pp. 505-538
    • Finkelstein, S.1
  • 21
    • 0001480025 scopus 로고
    • Corporate governance and disclosure quality
    • Forker J.J. Corporate governance and disclosure quality. Accounting and Business Research 22 (1992) 111-124
    • (1992) Accounting and Business Research , vol.22 , pp. 111-124
    • Forker, J.J.1
  • 22
    • 0037788737 scopus 로고    scopus 로고
    • Board leadership structure and CEO turnover
    • Goyal V.K., and Park C. Board leadership structure and CEO turnover. Journal of Corporate Finance 8 (2002) 49-66
    • (2002) Journal of Corporate Finance , vol.8 , pp. 49-66
    • Goyal, V.K.1    Park, C.2
  • 23
    • 5744221329 scopus 로고    scopus 로고
    • Board leadership, outside directors' expertise and voluntary disclosure
    • Gul F.A., and Leung S. Board leadership, outside directors' expertise and voluntary disclosure. Journal of Accounting and Public Policy 23 (2002) 1-29
    • (2002) Journal of Accounting and Public Policy , vol.23 , pp. 1-29
    • Gul, F.A.1    Leung, S.2
  • 24
    • 0001717265 scopus 로고    scopus 로고
    • The market valuation of IAS versus US GAAP accounting measures using form 20-f reconciliations
    • Harris M., and Muller K. The market valuation of IAS versus US GAAP accounting measures using form 20-f reconciliations. Journal of Accounting and Economics (1999) 285-312
    • (1999) Journal of Accounting and Economics , pp. 285-312
    • Harris, M.1    Muller, K.2
  • 25
    • 0000250716 scopus 로고
    • Specification tests in econometrics
    • Hausman J.A. Specification tests in econometrics. Econometrica 46 (1978) 1251-1271
    • (1978) Econometrica , vol.46 , pp. 1251-1271
    • Hausman, J.A.1
  • 26
    • 0012319054 scopus 로고    scopus 로고
    • Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature
    • Healy P.M., and Palepu K.G. Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics 31 (2001) 405-440
    • (2001) Journal of Accounting and Economics , vol.31 , pp. 405-440
    • Healy, P.M.1    Palepu, K.G.2
  • 27
    • 33748148439 scopus 로고    scopus 로고
    • Heflin, F., Shaw, K.W., & Wild, J.J. (2001). Disclosure quality and market liquidity. Working Paper, Krannert Graduate School of Management, Purdue University.
  • 28
    • 0348194856 scopus 로고    scopus 로고
    • Endogenously chosen board of directors and their monitoring of the CEO
    • Hermalin B.E., and Weisbach M.S. Endogenously chosen board of directors and their monitoring of the CEO. American Economic Review 88 (1998) 96-118
    • (1998) American Economic Review , vol.88 , pp. 96-118
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 29
    • 0041319384 scopus 로고    scopus 로고
    • A study of the relationship between corporate governance structures and the extent of voluntary disclosure
    • Ho S.S.M., and Wong K.S. A study of the relationship between corporate governance structures and the extent of voluntary disclosure. International Journal of Accounting, Auditing and Taxation 10 (2001) 139-156
    • (2001) International Journal of Accounting, Auditing and Taxation , vol.10 , pp. 139-156
    • Ho, S.S.M.1    Wong, K.S.2
  • 30
    • 0001206980 scopus 로고
    • Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the Kuala Lumpur stock exchange
    • Hossain M., Tan L.M., and Adams M. Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the Kuala Lumpur stock exchange. International Journal of Accounting 29 (1994) 334-351
    • (1994) International Journal of Accounting , vol.29 , pp. 334-351
    • Hossain, M.1    Tan, L.M.2    Adams, M.3
  • 31
    • 0012589298 scopus 로고    scopus 로고
    • Corporate governance in New Zealand: The effect of the 1993 companies act on the relation between board composition and firm performance
    • Hossain M., Prevost A.K., and Rao R.P. Corporate governance in New Zealand: The effect of the 1993 companies act on the relation between board composition and firm performance. Pacific Basin Finance Journal 9 (2001) 119-145
    • (2001) Pacific Basin Finance Journal , vol.9 , pp. 119-145
    • Hossain, M.1    Prevost, A.K.2    Rao, R.P.3
  • 32
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen M.C. The modern industrial revolution, exit, and the failure of internal control systems. Journal of Finance 48 (1993) 831-880
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 33
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, costs and ownership structure
    • Jensen M.C., and Meckling W. Theory of the firm: Managerial behavior, costs and ownership structure. Journal of Financial Economics 3 (1976) 305-360
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 34
    • 0000654960 scopus 로고    scopus 로고
    • Corporate governance and board effectiveness
    • John K., and Senbet L.W. Corporate governance and board effectiveness. Journal of Banking and Finance 22 (1998) 371-403
    • (1998) Journal of Banking and Finance , vol.22 , pp. 371-403
    • John, K.1    Senbet, L.W.2
  • 35
    • 0036331491 scopus 로고    scopus 로고
    • Audit committee, board of director characteristics, and earnings management
    • Klein A. Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics 33 (2002) 375-400
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 375-400
    • Klein, A.1
  • 36
    • 84934561624 scopus 로고
    • Greenmail: A study of board performance in corporate governance
    • Kosnik R.D. Greenmail: A study of board performance in corporate governance. Administrative Science Quarterly 32 (1987) 63-185
    • (1987) Administrative Science Quarterly , vol.32 , pp. 63-185
    • Kosnik, R.D.1
  • 37
    • 21344483941 scopus 로고
    • Cross-sectional determinants of analyst ratings of corporate disclosures
    • Lang M., and Lundholm R. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research 31 (1993) 246-271
    • (1993) Journal of Accounting Research , vol.31 , pp. 246-271
    • Lang, M.1    Lundholm, R.2
  • 38
    • 0030305317 scopus 로고    scopus 로고
    • Corporate disclosure policy and analyst behavior
    • Lang M., and Lundholm R. Corporate disclosure policy and analyst behavior. Accounting Review 71 (1996) 467-492
    • (1996) Accounting Review , vol.71 , pp. 467-492
    • Lang, M.1    Lundholm, R.2
  • 40
    • 33748160773 scopus 로고    scopus 로고
    • Larcker, D.F., & Rusticus, T.O. (2005). On the use of instrumental variables in accounting research. Working Paper, The Wharton School, University of Pennsylvania.
  • 42
    • 0242534354 scopus 로고    scopus 로고
    • Leuz, C. & Verrecchia, R.E. (2000). The economic consequences of increased disclosure. Journal of Accounting Research, Vol. 38. Issue Supplement: Studies on Accounting Information and the Economics of the Firm, 91-124.
  • 43
    • 21144476214 scopus 로고
    • A modest proposal for improved corporate governance
    • Lipton M., and Lorsch J. A modest proposal for improved corporate governance. Business Lawyer 59 (1992) 59-77
    • (1992) Business Lawyer , vol.59 , pp. 59-77
    • Lipton, M.1    Lorsch, J.2
  • 44
    • 0036628375 scopus 로고    scopus 로고
    • Bringing the future forward: The effect of disclosure on the return-earnings relation
    • Lundholm R., and Myers L.A. Bringing the future forward: The effect of disclosure on the return-earnings relation. Journal of Accounting Research 40 (2002) 809-839
    • (2002) Journal of Accounting Research , vol.40 , pp. 809-839
    • Lundholm, R.1    Myers, L.A.2
  • 45
    • 33748152115 scopus 로고    scopus 로고
    • Luo, S., Courtenay, S.M. & Hossain M. (in press). The effect of voluntary disclosure, ownership structure and proprietary cost on the return-future earnings relation. Forthcoming in the Pacific Basin Finance Journal.
  • 46
    • 33748140049 scopus 로고    scopus 로고
    • Mak, Y.T., & Chng, C.K. (2000). Corporate governance practices and disclosures in Singapore: An update. OECD/World Bank 2nd Asian Roundtable on Corporate Governance on "The Role of Disclosure in Strengthening Corporate Governance and Accountability".
  • 47
    • 33748197990 scopus 로고    scopus 로고
    • Mak, Y.T., Sequeira, J.M., & Yeo, M.C. (2003). Stock market reactions to board appointments. Working Paper, National University of Singapore.
  • 48
    • 33748189540 scopus 로고    scopus 로고
    • Miller, G., & Piotroski, J. (2000). The role of disclosure for high book-to-market firms. Working Paper, Harvard University.
  • 50
    • 33748166269 scopus 로고    scopus 로고
    • Peasnell, K. V., Pope, P. F., & Young, S. (2000). Board monitoring and earnings management: Do outside directors influence abnormal accruals? Working Paper, Lancaster University.
  • 51
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • Weisbach M. Outside directors and CEO turnover. Journal of Financial Economics 20 (1988) 431-460
    • (1988) Journal of Financial Economics , vol.20 , pp. 431-460
    • Weisbach, M.1
  • 52
    • 84984199207 scopus 로고
    • Disclosure policy, information asymmetry and liquidity in equity markets
    • Welker M. Disclosure policy, information asymmetry and liquidity in equity markets. Contemporary Accounting Research 11 (1995) 801-828
    • (1995) Contemporary Accounting Research , vol.11 , pp. 801-828
    • Welker, M.1
  • 53
    • 33748164149 scopus 로고    scopus 로고
    • Williams, S.M. (2002). Board of director determinants of voluntary audit committee disclosures: Evidence from Singapore. Working paper, Singapore Management University.
  • 55
    • 33748205264 scopus 로고    scopus 로고
    • Xie, B., Davidson III, W.N., & DaDalt, P.J. (2001). Earnings management and corporate governance: The roles of the board and the audit committee. Working paper, Southern Illinois University.
  • 56
    • 0030078208 scopus 로고    scopus 로고
    • Higher market valuation of companies with small board of directors
    • Yermack D. Higher market valuation of companies with small board of directors. Journal of Financial Economics 40 (1996) 185-211
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-211
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.