The Study on Corporate Governance and Operation Transparency

This study intends to build up some major propositions, which may highlight the importance of corporate governance to operation information transparency. We conduct a comprehensive previous literature review to investigate whether stockholding structure and the characteristics of board of directors show any impacts on corporates' information transparency. These two corporate governance dimensions can be divided into six variables. Stockholding structure contains four variables, which are the stockholding ratio of major holders, the stockholding ratio of the management, the stockholding ratio of institutional investors, and the corporate's family-owned style. The characteristics of the board of directors include two variables, which are the ratio of independent directors and the size of the board of directors. The research results contribute to forming up related propositions which may be used for future related empirical study.

並列關鍵字

Corporate Governance ； Information Transparency ； Independent Director of Board

參考文獻

Abbott, L. J.,Parker, S.(2000).Audit Committee Characteristics and Auditor Selection.Auditing: A Journal of Practice and Theory.19(2),47-66.

Google Scholar

Agrawal, A.,Knoeber, C. R.(1996).Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders.Journal of Financial and Quantitative Analysis.3,377-397.

Google Scholar

Bacon, J.(1973).Corporate Directorship Practices: Membership and Committees of The Board.New York:The Conference Board.

Google Scholar

Beasley, M. S.(1996).An Empirical Analysis of the Relation between the Board of Director Composition and Financial Statement Fraud.Accounting Review.71,443-465.