文章基本信息

标题：The Association between Foreign Directors and opportunistic Financial Reporting
本地全文：下载
作者：JungHwa Suh ; Ho-Young Lee ; Hansol Lee 等
期刊名称：Investment Management & Financial Innovations
印刷版ISSN：1810-4967
电子版ISSN：1812-9358
出版年度：2018
卷号：15
期号：4
页码：98-112
DOI：10.21511/imfi.15(4).2018.08
语种：English
出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：This study examines the effect of foreign directors in the board of directors on the monitoring function by analyzing the association between foreign directors and opportunistic financial reporting.The authors address this question by examining the effect of the for?eign directors in the board on firms'discretionary accruals and book-tax difference.The researchers analyze by using Korean firm data for the years 2001–2014 as Korea is one of the few countries that nepotism is strong within the board,providing the ideal setting to analyze the effect of foreign directors on the monitoring function of the board.The authors find that foreign directors have a positive effect on the monitoring function of the board,as discretionary accruals and book-tax differences of firms with foreign directors are lower than those without foreign directors.Further,the researchers find that the posi?tive effect of foreign directors on the monitoring function is more pronounced if foreign directors are independent directors or expertise in accounting or finance.Overall,the findings support the view that foreign directors in the board increase the board diversity, which increases the independence of the board and so the monitoring function.
关键词：foreign director;board diversity;board independence;monitoring function;opportunistic financial reporting;discretionary accruals;book-tax difference