The Influence of Independent Directors on Information Disclosure and Earnings Management

• Main Authors: Lee, Yueh-Chia, 李悅嘉
• Other Authors: Chuang, Jia-Jiann
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/27070507653785523290

碩士 === 中國文化大學 === 會計學系 === 102 === Asian Corporate Governance Association and Credit Lyonnais Securities Asia co-published the Assessment Report of Asian Corporate Governance in September 2012. The Report indicated that Taiwan did not regulate the listed companies to fully establish the Audit Committee and Independent Directors. In addition, the law en-forcement is ineffective and transparency is not sufficient. Consequently, the rank-ings of Taiwan dropped two places from 4th to 6th since 2010. Therefore, to strengthen the supervisory function in Directors of Board and to employ the Independent Directors are the objective of corporate goverance in Tai-wan. The Independent Directors can be more objective and to protect the interest of company and to develop the mechanism of check and balance in the management. Accordingly, this research explores whether the duty of Independent Directors is ef-fective and any impact on earnings management and information disclosure. The research samples are listed companies of Taiwan from 2007 to 2012. The research method employs the SPSS to conduct empirical analyses on research models. The results show that the more establishment of Independent Directors performs better in information disclosure. More establishment of Independent Directors makes lesser level in accruals earnings management. However, this research can not find any obvious impact of Independent Directors on real earnings management.