2017
DOI: 10.2139/ssrn.2897914
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Do Locally-Based Independent Directors Reduce Corporate Misconduct?

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“…Our results have implications for related literature on corporate fraud and the design of strategies to mitigate the risk of corporate fraud in an emerging economy context. Previous work on corporate fraud has examined factors such as the role of independent directors or outside directors (Deng, Kanagaretnam and Zhou, 2017;Intintoli et al, 2018;Nguyen et al, 2015), investors belief about industry prospects (Wang et al, 2010), CEO duality, executives compensation and CEO's connections to the boardroom as well as to the executives suites (Efendi et al, 2007;Khanna et al, 2015), managers' incentive (Johnson et al, 2009;Röell, 2007, 2014) and peer effects (Yiu et al, 2014). This literature has generally highlighted the importance of corporate governance.…”
Section: Theoretical Implicationsmentioning
confidence: 99%
“…Our results have implications for related literature on corporate fraud and the design of strategies to mitigate the risk of corporate fraud in an emerging economy context. Previous work on corporate fraud has examined factors such as the role of independent directors or outside directors (Deng, Kanagaretnam and Zhou, 2017;Intintoli et al, 2018;Nguyen et al, 2015), investors belief about industry prospects (Wang et al, 2010), CEO duality, executives compensation and CEO's connections to the boardroom as well as to the executives suites (Efendi et al, 2007;Khanna et al, 2015), managers' incentive (Johnson et al, 2009;Röell, 2007, 2014) and peer effects (Yiu et al, 2014). This literature has generally highlighted the importance of corporate governance.…”
Section: Theoretical Implicationsmentioning
confidence: 99%