Accounting conservatism and board of director characteristics: An empirical analysis

被引：381
|
作者：
Ahmed, Anwer S.
Duellman, Scott [1 ]
机构：
[1] SUNY Binghamton, Sch Management, Dept Accounting, Binghamton, NY 13902 USA
[2] Texas A&M Univ, College Stn, TX 77843 USA
来源：
JOURNAL OF ACCOUNTING & ECONOMICS | 2007年 / 43卷 / 2-3期
关键词：
accounting conservatism; board independence; outside directors; corporate governance; agency costs;
D O I：
10.1016/j.jacceco.2007.01.005
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using three different measures of conservatism, we document that (i) the percentage of inside directors is negatively related to conservatism, and (ii) the percentage of outside directors' shareholdings is positively related to conservatism. Our results hold after controlling for industry, firm size, leverage, growth opportunities, institutional ownership, inside director ownership, and unobservable firm characteristics that are stable over time. Overall, the evidence is consistent with accounting conservatism assisting directors in reducing agency costs of firms. (c) 2007 Elsevier B.V. All rights reserved.
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页码：411 / 437
页数：27
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