Corporate Board Characteristics and the Informativeness of Accounting Earnings: Evidence from Tunisia
Journal Title: International Journal of Financial Economics - Year 2013, Vol 1, Issue 4
Abstract
In this paper, we examine the relationship between the board characteristics and the informativeness of accounting earnings for a sample of Tunisian firms. Using panel data methodology, we provide evidence that board composition affects the information content of accounting incomes in Tunisian context. Particularly, board independence and identity of directors enhance the earnings quality. However, the non duality CEO/chairman is negatively related to the informativeness of accounting incomes. Our findings confirm that the board of directors is an appropriate governance mechanism in monitoring managers and improving corporate transparency in Tunisian firms.
Authors and Affiliations
Nesrine Klai, Abdelwahed Omri
Keywords
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