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| Tekijä: | Bushman, R. (et al.) |
| Otsikko: | Financial accounting information, organizational complexity and corporate governance systems |
| Lehti: | Journal of Accounting & Economics
2004 : JUN, VOL. 37:2, p. 167-201 |
| Asiasana: | Accounting Finance Corporate governance Earnings Organizations Diversification |
| Kieli: | eng |
| Tiivistelmä: | This paper posits that limited transparency of firmsÂ’ operations to outside investors increases demands on governance systems to alleviate moral hazard problems. It is investigated how ownership concentration (hereafter as: own-c.), directorsÂ’ and executive's incentives (here as: exe-inc.), and board structure vary with: 1. Earnings timeliness (here as: earn-t.) , and 2. Organizational complexity (here as: org-c.) measured as geographic and/or product line diversification. It is found that own-c., equity-based exe-inc., and outside directorsÂ’ reputations vary inversely with earn-t., and that own-c. , and exe-inc. increase with firm complexity. |
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