Is Continuous Disclosure Associated with Board Independence?

Posted: 5 May 2012

See all articles by Zoltan P. Matolcsy

Zoltan P. Matolcsy

University of Technology Sydney (UTS) - School of Accounting

Peter Alfred Wells

University of Technology Sydney, Accounting Discipline Group ; Financial Research Network (FIRN)

Date Written: April 4, 2012

Abstract

This study provides evidence on the association between board composition and different types of continuous disclosure. Our sample is based on a sample of 450 firms for the period 2006–2007. Our experimental design uses both ordinary least-squares (OLS) regressions and two-stage least-squares regressions (2SLS), although the Durbin–Wu–Hausman c2 test indicates that the OLS results alone would be appropriate. We include the 2SLS results in order to be able to compare the results against previous findings. Our key findings are that there is no association between board composition and different types of continuous disclosure. Our results are robust with respect to alternative variable definitions.

Keywords: board independence, continuous disclosure

Suggested Citation

Matolcsy, Zoltan Paul and Wells, Peter Alfred, Is Continuous Disclosure Associated with Board Independence? (April 4, 2012). Australian Journal of Management, Vol. 37, No. 1, 2012, Available at SSRN: https://ssrn.com/abstract=2050450

Zoltan Paul Matolcsy

University of Technology Sydney (UTS) - School of Accounting ( email )

P.O. Box 123
Broadway NSW 2007
Australia

Peter Alfred Wells (Contact Author)

University of Technology Sydney, Accounting Discipline Group ( email )

P.O. Box 123
Broadway NSW 2007
Australia
+61 (02) 9514 3628 / 3629 (Phone)
+61 (02) 9514 5515 (Fax)

Financial Research Network (FIRN)

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Queensland
Australia

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