External Corporate Governance and Misreporting

被引:28
作者
Baber, William R. [1 ]
Kang, Sok-Hyon [2 ]
Liang, Lihong [3 ]
Zhu, Zinan [4 ]
机构
[1] Georgetown Univ, Washington, DC 20057 USA
[2] George Washington Univ, Washington, DC 20052 USA
[3] Syracuse Univ, Syracuse, NY 13244 USA
[4] Natl Univ Singapore, Singapore 117548, Singapore
关键词
STOCK-BASED COMPENSATION; EXECUTIVE-COMPENSATION; EMPIRICAL-ANALYSIS; BOARD COMPOSITION; FIRM PERFORMANCE; INTERNAL CONTROL; AUDIT COMMITTEE; AGENCY PROBLEMS; DETERMINANTS; PAY;
D O I
10.1111/1911-3846.12137
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study investigates how external corporate governance provisions, specifically statutory and corporate charter provisions that limit direct shareholder participation in the governance process, affect the likelihood of an accounting restatement. The analysis indicates that strong external governance (fewer restrictions on shareholder participation) is associated with a relatively low incidence of accounting restatements. The effect of external governance is incremental to that of internal governance, which is considered as provisions that foster effective board oversight of management. Such evidence supports the premise that shareholder participation improves financial reporting quality.
引用
收藏
页码:1413 / +
页数:31
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