The Effects of Independent Director and Supervisor on Firm Performance and Earnings Quality:The Moderating Effect of Ultimate Controlling Shareholder

• Main Authors: Chun-Ling Long, 龍春伶
• Other Authors: Hsiu-Ying Lee
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/18750775603181858575

碩士 === 東海大學 === 會計學系 === 96 === The characteristics of family controlling and business group in domestic corporations influence the function of board of directors. By introducing the independent director and supervisor, the authoritative regulators hope to improve the corporate governance. The purpose of this study is to investigate whether the independent director and supervisor are beneficial to firm performance and earnings quality. Besides, this study also examines the moderating effect of controlling shareholders on the relationship between independent director (supervisor) and firm performance or earnings quality. The empirical results indicate that the independent director and supervisor can improve firm performance but can’t improve earnings quality. Furthermore, the effect of independent director and supervisor on firm performance is reduced when the ultimate controlling shareholders command more controlling or voting right.