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dc.contributor.authorWoidtke, Tracieen_US
dc.contributor.authorYeh, Yin-Huaen_US
dc.date.accessioned2014-12-08T15:30:31Z-
dc.date.available2014-12-08T15:30:31Z-
dc.date.issued2013-06-01en_US
dc.identifier.issn0927-538Xen_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.pacfin.2012.12.002en_US
dc.identifier.urihttp://hdl.handle.net/11536/21806-
dc.description.abstractPolicy makers around the world have focused on corporate governance reform since the Asian financial crisis and scandals in the United States such as the Enron debacle. In particular, policy makers have focused on the establishment of independent audit committees to improve investor confidence in reported accounting information. In a sample of East Asian companies, we find that the negative relation between concentrated control and earnings informativeness that was documented prior to the Asian financial crisis persists in a more recent period, even though many corporate governance reforms have been adopted since the crisis to improve financial disclosure. We do, however, find that earnings informativeness is strengthened by both fully independent audit committees and audit committees with a majority of independent directors with accounting financial or legal expertise. In addition, the increased reliability that is associated with these audit committee characteristics appears to more than offset the detrimental effect that is associated with concentrated control. The results in this paper suggest that an emphasis on audit committee independence alone may not be enough to enhance earnings informativeness. Instead, focusing on both complete independence and the financial or legal expertise of independent directors who are appointed to the audit committee may be a more fruitful way to increase investor confidence in accounting information, especially when ownership is concentrated. (C) 2012 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectCorporate governanceen_US
dc.subjectOwnershipen_US
dc.subjectEarnings informativenessen_US
dc.subjectAudit committeeen_US
dc.titleThe role of the audit committee and the informativeness of accounting earnings in East Asiaen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.pacfin.2012.12.002en_US
dc.identifier.journalPACIFIC-BASIN FINANCE JOURNALen_US
dc.citation.volume23en_US
dc.citation.issueen_US
dc.citation.spage1en_US
dc.citation.epage24en_US
dc.contributor.department資訊管理與財務金融系 註:原資管所+財金所zh_TW
dc.contributor.departmentDepartment of Information Management and Financeen_US
dc.identifier.wosnumberWOS:000317446200001-
dc.citation.woscount1-
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