دانلود مقاله ISI انگلیسی شماره 51991
عنوان فارسی مقاله

حاکمیت شرکتی و افشای آینده نگر: شواهدی از چین

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
51991 2015 15 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Corporate governance and forward-looking disclosure: Evidence from China
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of International Accounting, Auditing and Taxation, Volume 25, 2015, Pages 16–30

کلمات کلیدی
حاکمیت شرکتی؛ آینده نگر افشاء؛ عدم تقارن اطلاعاتی؛ چین
پیش نمایش مقاله
پیش نمایش مقاله حاکمیت شرکتی و افشای آینده نگر: شواهدی از چین

چکیده انگلیسی

This paper investigates the association between a range of corporate governance mechanisms and forward-looking disclosure (FLD) in a low information environment: the Chinese stock markets. It finds that the implementation of certain monitoring and control mechanisms, such as financial expertise on audit committees and independent directors on the board of directors, can improve the extent of FLD. However, the size of the supervisory board and separating the roles of the CEO and the chairman of the board of directors is of little help in explaining any improvement in FLD. In contrast, ownership structure appears to play an essential role in determining FLD policies. Indeed, listed firms with high levels of foreign ownership and fewer pyramidal layers in their ownership structure tend to disclose more forward-looking information. Of particular interest, the association between state ownership and FLD is likely to be non-linear (an inverted U-shape), and the inflection point at which the association becomes negative occurs at a state ownership over 33 percent. In summary, this study provides new evidence on the impact of corporate governance mechanisms on FLD in China's unique institutional environment.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.