The Effects of Independent Director and Supervisor Characteristics on Earnings Quality-The Moderating Effect of Family Business

• Main Authors: Hsiu-Ju Chen, 陳秀如
• Other Authors: Fu-Lai Lin
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/vz5g5h

碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === The purpose of this study is to investigate the impact of the three characteristics of independent directors and supervisors, including the ratio, professionals and part-time numbers of public companies, on earnings quality by using panel data regression. We further examine the moderating effect of family businesses on the relationship between characteristics of independent directors (supervisors) and earnings quality. Based on a sample from TWSE/GTSM listed companies between 2003 and 2012, we find that all of the three characteristics of independent directors and supervisors have a positive correlation to earnings quality. It means the characteristics can improve earnings equality. Furthermore, when the firms are family businesses, the effects of independent director and supervisor characteristics on earnings quality will be reduced and the functions will be restrained. In other words, the corporate governance is ineffective and earnings quality is worse in family businesses.