Supervisory board characteristics and accounting information quality: Evidence from China

Ran, Guanggui; Fang, Qiaoling; Luo, Shuai; Chan, Kam C.

doi:10.1016/j.iref.2014.10.011

Cited by 69 publications

(90 citation statements)

References 36 publications

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“…Previous empirical studies (Xi, 2006;Dahya et al, 2003) have indicated that Chinese supervisory boards are ineffective, weak and unable to provide effective monitoring. The 2006 Corporate Law reform improved the monitoring capacity of supervisory boards, strengthening their right to supervise senior managers and directors (Ding et al, 2010;Ran et al, 2015). Additionally, China's Company Law requires that supervisory boards include elected labor representatives to strengthen the supervisory capacity of the firm's senior executives and improve firm performance (Jiang and Kim, 2015).…”

Section: Supervisory Boardmentioning

confidence: 99%

Dynamic study of corporate governance structure and firm performance in China

Shao

2019

CMS

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Purpose The paper aims to provide a comprehensive investigation of the relationship between corporate governance (CG) structure and firm performance in Chinese listed firms from 2001 to 2015. The authors’ motivation derives from the fact that the CG system in China is different from those in the US, the UK, Germany, Japan and other countries. Design/methodology/approach A large unbalanced sample, covering more than 22,700 observations in Chinese listed firms, was used to explore, by means of a system-generalized method-of-moments (GMM) estimator, the relationship between CG structure and firm performance to remove potential sources of endogeneity. Findings Results show that Chinese CG structure is endogenously determined by the CG mechanisms investigated: there is no relationship between board size (including independent directors) and firm performance; CEO duality has a significantly negative effect on firm performance; concentration of ownership has a significantly positive influence on firm performance; managerial ownership is negatively correlated with firm performance; state ownership has a significantly positive effect on firm performance; and a supervisory board is positively correlated with firm performance. Practical implications The findings provide policymakers and firm managers with useful empirical guidance concerning CG in China. Originality/value Few integrative studies have examined the impact of CG structure on firm performance in China. This study adds new empirical evidence that the relation between CG structure and performance in China is endogenous and dynamic when controlling for unobserved heterogeneity, simultaneity, and dynamic endogeneity.

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Section: Supervisory Boardmentioning

confidence: 99%

Dynamic study of corporate governance structure and firm performance in China

Shao

2019

CMS

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“…Well-functioning supervisory boards reduce information asymmetry (Ilieva et al, 2018). The quality of supervision is generally improved if it is exercised by women and persons with academic experience (Ran et al, 2015). As the CEO and supervisory board may be conditioned by the size and the way of organizing the company, we included into our analysis also company size and investor characteristics, in terms of nationality.…”

Section: Literature and Hypotheses Developmentmentioning

confidence: 99%

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Kędzior

Cygańska

Syrrakos

2020

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The paper examines the determinants of voluntary International Financial Reporting Standards (IFRS) adoption in Poland. In doing so, it empirically confirms the impact of diverse CEO and supervisory board characteristics on voluntary IFRS adoption. The paper focuses on 446 publicly traded production companies from Poland. The analysis is based on logistic regression analysis. The empirical investigation confirms the impact on voluntary IFRS adoption of such factors as company size, international investors, international supervisory board, number of supervisory board members, CEO nationality. The paper contributes to the assessment of voluntary IFRS adoption determinants, by presenting for the first time CEO and supervisory board characteristics and their impact on voluntary International Financial Reporting Standards (IFRS) adoption, and the determinants of IFRS adoption from Central and Eastern Europe. The paper enhances existing knowledge of voluntary IFRS adoption by incorporating new CEO and supervisory board characteristics, thus closing a gap in the relevant literature. The results of the paper are significant from the supervisor’s perspective, the quality of financial statements and the effectiveness of corporate governance systems.

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“…It includes the health degree of the governance structure of the enterprise [31], the corporate audit committee, its performance [32] and so on, which directly affects the reliability of the information disclosed by the enterprise. If the corporate governance structure is perfect with the audit committee performing well, the information disclosed is reliable.…”

Section: Reliability (B 2 )mentioning

confidence: 99%

Evaluating the Quality of Enterprise Environmental Accounting Information Disclosure

Tian

et al. 2018

Sustainability

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Abstract:To grasp the overall disclosure of the quality of enterprise environmental accounting information and find the weakness of disclosure for precise improvements, an approach for the evaluation for the quality of enterprise environmental accounting information disclosure was proposed. First, the evaluation index system of enterprise environmental accounting information disclosure quality was constructed from three aspects: relevance, reliability, and compliance. Relevance measured whether the relevant information was disclosed comprehensively; reliability checked whether the disclosed information was in accordance with the reality; and compliance assessed whether the disclosed information complied with the laws and regulations. Considering that the ratings derived from multiple appraisers with respect to the evaluation index were in linguistic forms, the aggregation method based on triangular fuzzy numbers was constructed. The consistency of ratings was used to calculate the weight of appraisers for the deduction of personal bias and a case study verified the feasibility and practicality of the proposed approach. The approach not only was applied to the assessment of the company, but also provided some suggestions based on the evaluation results.

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Supervisory board characteristics and accounting information quality: Evidence from China

Cited by 69 publications

References 36 publications

Dynamic study of corporate governance structure and firm performance in China

Dynamic study of corporate governance structure and firm performance in China

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Evaluating the Quality of Enterprise Environmental Accounting Information Disclosure

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