| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 101 === In recent years, financial scandals are emerging in endlessly. Corporate governance has become the focus of the spotlight, and the Board of Directors is the indispensable part of the corporate governance. The characteristic of the Board of Directors will affect the supervisory effectiveness and performance. Therefore, in order to investigate the relationship between the directors who are from the same supply chain to corporate governance and performance, this study used the absolute value of discretionary accruals as the proxy variable of earnings management, and ROA as the proxy variable of performance.
In this study, we using the listed, OTC and emerging companies in 2006 to 2011 as samples to investigate industry specialization of the Board of Directors in electronics industry supply chain. In terms of earnings management, the empirical evidence shows that it is a negative correlation between the directors who are from the same supply chain and earnings management, but further more research shows that it can inhibit the corporate manipulating the earnings upward. Besides, there are significantly negative correlation between the directors who are from the downstream of the same supply chain and earnings management. It can be seen that the industry specialization will strengthening the monitor function of the Board of Directors.
In the respect of performance, the empirical evidence shows that there is no significant correlation between the directors who are come from the same supply chain(downstream) and performance. Presumably that it is because the major duty of the directors are monitoring authorities and giving advice and it limited impact on performance.
|
|---|
