The Effect of Board Independence on the Information Environment and Information Asymmetry

• المؤلفون الرئيسيون: GOH, Beng Wee, LEE, Jimmy, NG, Jeffrey, OW YONG, Kevin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2014
• الموضوعات: Corporate governance; board independence; earnings quality; management forecasts; analysts; information asymmetry; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/933; http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1267508
• المؤسسة: Singapore Management University

Our paper examines how the independence of a firm’s board affects its information environment (in terms of earnings quality, management forecast frequency, and analyst coverage) and information asymmetry among investors. We show that greater board independence leads to higher earnings quality, great...