Board and auditor interlocks and voluntary disclosure in annual reports
نویسندگان
چکیده
منابع مشابه
Board and auditor interlocks and voluntary disclosure in annual reports
This paper explores the role o f the interlock ties of the board of directors and the external auditors in facilitating cross-firm diffusion of voluntary disclosure practices. Using data from 149 companies listed on the Dutch stock exchange, we investigated the relationship between a firm ’s voluntary disclosure of financial and non-financial performance measures in its annual report and the in...
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Corporate governance scandals and the global financial crisis have led to calls for better risk disclosure. However, such disclosure may be stifled by the proprietary cost hypothesis that firms limit voluntary disclosure to avoid risk of adverse actions. Against this background, several studies have examined the determinants of risk disclosure in corporate annual reports. The purpose of this pa...
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In this study, we examine whether board connections through shared directors influence firm disclosure policies. To overcome endogeneity challenges, we focus on an event that represents a significant change in firm disclosure policy: the cessation of quarterly earnings guidance. Our research design allows us to exploit the timing of director interlocks and therefore differentiate the director i...
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ژورنال
عنوان ژورنال: Journal of Financial Reporting and Accounting
سال: 2014
ISSN: 1985-2517
DOI: 10.1108/jfra-11-2012-0054