Does increased board independence reduce earnings management? Evidence from recent regulatory reforms

• Main Authors: CHENG, Qiang, CHEN, Xia, WANG, Xin
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: earnings management; corporate governance; board independence; information environment; Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/866; https://ink.library.smu.edu.sg/context/soa_research/article/1865/viewcontent/does_increased_board_independence__1_.pdf
• 機構: Singapore Management University

In this paper, we examine whether recent regulatory reforms requiring majority board independence are effective in reducing earnings management. Firms that did not have a majority of independent directors prior to the reforms (referred to as non-compliance firms) are required to increase their board...