Serving the truth: Do directors with media background improve financial reporting quality?

The Impact of Industry Expertise Independent Directors on Corporate Financialization: The Case of Chinese Nonfinancial Corporations

“…(Jinsong Tan and Fan Zhou 2009);Firms with media backgrounds directors sitting on the board have lower absolute discretionary accruals and media independent directors with higher integrity and reputation concerns could improve rms' nancial quality. (Bai, Tang, and Zheng 2023). In terms of enterprise innovation performance, independent technical directors can use their expertise to help public companies with technical innovation, contributing to industrial and economic growth in general; moreover, specialists can successfully play the role of consultants when their eld of expertise is relevant to the operational eld of their companies; furthermore, independent technical directors increase corporate innovation by encouraging rms to spend more on R&D and by enabling them to obtain more government subsidies for R&D.(Cong Wang, Fei Xie, and Min Zhu 2015; Zhe Li, Xingyi Li, and Anning Xie 2020a) At present, the research on the nancialization of enterprises mainly focuses on four aspects: connotation, motivation, in uencing factors and economic consequences.…”