Corporate Governance Mechanism to Improve Disclosure Quality of the Firms:
Loading...
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Management and Technology
Abstract
The empirical investigations report twelve closely related and important corporate governance mechanisms that are related to the increased This thesis investigates the determinants of the disclosure quality of financial statements with respect to the corporate governance board structures in ASEAN countries. Using a sample of top 50 companies from Malaysia, Indonesia, Thailand, and Singapore for the period of 2011-2015, this thesis provides evidence that two board structures are different in terms of disclosure quality of financial statements.
level of the disclosure quality of financial statements. Some CG mechanism is same for one-tier and two-tier boards, and some are different. The board size, board expertise, board meetings, board diversity, timeline, young CEO and audit expertise are associated with increased disclosure quality of both types of board structures. The female board members, free cash flows, and audit committee size are positively related to disclosure quality of one-tier while board power and block holders have a positive impact on the disclosure quality of two-tier boards only. The dual role of CEO is associated with a decrease of disclosure quality of both board structures, while older age CEO’s have a negative impact on the disclosure quality of two-tier boards only. Moreover, the study finds no relationship between board independence, CEO tenure, audit committee independence, audit quality and the disclosure quality of both types of board structures.
Description
Supervised by: Dr Safia Nosheen
Keywords
Disclosure Quality, Board structures, One-tier boards., Two-tier boards, ASEAN countries, determinants of disclosure quality, MS