Journal ArticleDOI
Association between independent non- executive directors, family control and financial disclosures in Hong Kong
TLDR
The authors examined whether comprehensive financial disclosures, used as a proxy for corporate board's responsiveness, are positively associated with the proportion of independent non-executive directors (INDs) on corporate boards, and whether family control of the firm has an impact on this association.About:
This article is published in Journal of Accounting and Public Policy.The article was published on 2000-12-01. It has received 1002 citations till now.read more
Citations
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Journal ArticleDOI
Corporate governance and voluntary disclosure
Li Li Eng,Y.T. Mak +1 more
TL;DR: In this paper, the authors examined the impact of ownership structure and board composition on voluntary disclosure and found that lower managerial ownership and significant government ownership are associated with increased disclosure, however, blockholder ownership is not related to disclosure.
Journal ArticleDOI
A study of the relationship between corporate governance structures and the extent of voluntary disclosure
Simon S. M. Ho,Kar Shun Wong +1 more
TL;DR: In this article, the authors test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms in Hong Kong, including the proportion of independent directors to total number of directors on the board, the presence of a voluntary audit committee, the existence of a dominant personalities (CEO/Chairman duality), and the percentage of family members on the boards.
Journal ArticleDOI
Board leadership, outside directors expertise and voluntary corporate disclosures
Ferdinand A. Gul,Sidney Leung +1 more
TL;DR: In this paper, the authors examined the linkages between board leadership structure in terms of CEO duality (CEOs who jointly serve as board chairs), the proportion of expert outside directors on the board (PENEDs) and voluntary corporate disclosures.
Journal ArticleDOI
Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies
TL;DR: In this article, the authors investigate the extent to which corporate governance attributes, ownership structure and company characteristics influence the extent of voluntary disclosure in a developing country, namely Kenya, and find that the presence of an audit committee is a significant factor associated with the level of disclosure.
Journal ArticleDOI
Board composition, regulatory regime and voluntary disclosure
TL;DR: In this paper, the authors examined the association between board monitoring and the level of voluntary disclosure and found that firms with a higher proportion of independent directors on the board are associated with higher levels of disclosure.
References
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Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Journal ArticleDOI
Agency Problems and the Theory of the Firm
TL;DR: In this article, the authors explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization, and set aside the presumption that a corporation has owners in any meaningful sense.
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Cross- sectional determinants of analyst ratings of corporate disclosures
Mark H. Lang,Russell J. Lundholm +1 more
TL;DR: This paper examined cross-sectional variation in analysts' published evaluations of firms' disclosure practices and provided evidence that the analysts' ratings are increasing in firm size and in firm performance as measured by earnings and return variables, decreasing in the correlation between earnings and returns, and higher for firms issuing securities in the current or future period.
Journal ArticleDOI
Separation of Ownership and Control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: In this article, the authors analyze the survival of organizations in which decision agents do not bear a major share of the wealth effects of their decisions and argue that separation of decision and risk bearing functions survives in these organizations in part because of the benefits of specialization of management and risk-bearing but also because of an effective common approach to controlling the implied agency problems.
Journal ArticleDOI
Outside directors, board independence, and shareholder wealth☆
TL;DR: In this article, the authors examine the wealth effects surrounding outside director appointments and find no clear evidence that outside directors of any particular occupation are more or less valuable than others, consistent with the hypothesis that outside board members are chosen in the interest of shareholders.