Does corporate governance make financial reports better, or just better for equity investors?
Financial reports should provide useful information to both shareholders and creditors, according to U.S. accounting principles. However, directors of corporations have fiduciary duties only toward equity holders, and those fiduciary duties normally do not extend to the interests of creditors. We ex...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1305 https://ink.library.smu.edu.sg/context/soa_research/article/2304/viewcontent/Does_corporate_governance_make_financial_reports_better_or_just_better_for_equity_investors.pdf |
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| Institution: | Singapore Management University |
| Language: | English |