Abstract
This study examines 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. Regression analyses of observations from 385 Hong Kong companies show that CEO duality is associated with lower levels of voluntary corporate disclosures. However, the negative CEO duality/voluntary disclosure association is weaker for firms with higher PENEDs suggesting that the expertise of non-executive directors (NEDs) moderates the CEO duality/corporate disclosures relationship. © 2004 Elsevier Inc. All rights reserved.
| Original language | English |
|---|---|
| Pages (from-to) | 351-379 |
| Journal | Journal of Accounting and Public Policy |
| Volume | 23 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - Sept 2004 |
Research Keywords
- CEO duality
- Corporate disclosures
- Corporate governance
- Non-executive director expertise
Policy Impact
- Cited in Policy Documents
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