Board Structure Mandates: Consequences for Director Location and Financial Reporting
作者: Zinat S. AlamMark A. ChenConrad S. CiccotelloHarley E. Ryan
作者单位: 1College of Business
2University of Central Florida
3Orlando
4Florida 32816
5J. Mack Robinson College of Business
6Georgia State University
7Atlanta
8Georgia 30303
9Daniels College of Business
10University of Denver
11Denver
12Colorado 80210
刊名: Management Science, 2017
来源数据库: Institute for Operations Research and the Management Sciences
DOI: 10.1287/mnsc.2017.2736
关键词: mandatesdirector locationfinancial reporting
原始语种摘要: We examine how the director independence mandates of the Sarbanes–Oxley Act (SOX) and related reforms affected board geography and the quality of financial reporting. Using 1998–2006 data on the residential addresses of individual directors, we document that the geographic proximity to headquarters of audit committees and other monitoring committees declined upon implementation of the mandates. The decrease in proximity was especially large for those firms that were both SOX noncompliant and supply constrained in local director labor markets at the time the reforms were enacted. Moreover, firms with larger SOX-related losses of director proximity experienced significantly greater post-SOX declines in earnings quality. Our findings therefore suggest that, for some firms, the director...
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影响因子:1.859 (2012)

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关键词翻译
关键词翻译
  • director 引向器
  • residential 居住的
  • earnings 收入
  • reporting 申报
  • financial 财政的
  • finance 金融
  • unintended 不是故意的
  • quality 品质
  • proximity 邻近
  • labor 工作