Board Independence, Accounting Conservatism, Investments Opportunity --Empirical Evidence from Chinese Listed Companies

摘要：

　　Prior studies document mixed evidence on the efficacy of independent directors.Different from prior studies, as an important environmental factor, investment opportunity is adopted to explain the mixed impact of independent directors on accounting conservatism for China listed companies.This paper documents (1) no significant association between accounting conservatism and the percentage of independent director on board (2) positive association of accounting conservatism with the percentage of independent directors on the board for Non High investment opportunity firms.Such association declines significantly when investment opportunity increases.These findings potentially explain the mixed evidence in prior studies regarding the monitoring efficacy of independent directors.

关键词： independent Director accounting conservatism investments opportunity

作者: LUO Jin LI Yanxi

作者单位: School of Business, Lingnan Normal University, Zhanjiang, China, 524048 School of Management, Dalian University of Technology, Dalian, China, 116024

会议类型: 国际会议

会议名称: The 9th (2017)International Conference on Financial Risk and Corporate Finance Management(第九届(2017)金融风险与公司金融国际研讨会)

会议地点: 日本

会议语种:英文

页码: 40-51

在线出版日期: 2017-07-01（万方平台首次上网日期，不代表论文的发表时间）