Anmerkungen:
In: Accounting Horizons, Forthcoming
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 15, 2018 erstellt
Beschreibung:
We study the impact of corporate secretary tenure on the governance quality of Chinese A-share listed firms. Results show that corporate secretary tenure is negatively associated with board meeting frequency, outside director in-meeting dissent and incidence of fraud and lawsuit. Key findings are robust to an array of additional tests including the propensity score matching, instrument variable analysis as well as alternate governance measures such as analyst coverage, modified auditor opinion, number of institutional shareholders, and outside director board meeting absence. Overall, our study confirms the importance of corporate secretary in favour of modern corporate governance outcomes and board processes