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| Author: | Garcia-Meca, E. Sanchez-Ballesta, J.P. |
| Title: | The association of board independence and ownership concentration with voluntary disclosure: A meta-analysis |
| Journal: | European Accounting Review
2010 : VOL.19:3, p. 603-627 |
| Index terms: | finance disclosure corporate governance measurement investor protection models board of directors |
| Freeterms: | board independence ownership concentration |
| Language: | eng |
| Abstract: | Based on a meta-analysis to a sample of 27 empirical studies to clarify the association of board independence and ownership concentration with voluntary disclosure. It is explored whether variations in results are attributable to the differences in the corporate governance system, the investor protection rights and the measurement of the governance variables. The results suggests that the positive association between board independence and voluntary disclosure only occurs in those countries with high investor protection rights and emphasize the need to consider the legal and institutional setting explicitly when analyzing the effect of corporate governance on voluntary disclosure. |
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