The impact of board and audit committee characteristics on voluntary disclosure: A meta-analysis

By Khaled Samaha, Hichem Khlif, K. Hussainey. 2015

296 citations recorded by the source corpus.

We apply meta-analysis to a sample of 64 empirical studies to identify potential moderators to the relationship between board, audit committee characteristics and voluntary disclosure. We also examine whether the results are affected by differences in the construction of disclosure index, the type of voluntary disclosure, the method of disclosure, the definitions of variables relating to corporate governance, the level of investor protection, and country geographic location. We find that, while board size, board composition and audit committee have a significant positive effect on voluntary disclosure, CEO duality has a significant negative impact. Additionally, geographic location moderates the association between board size, board composition, CEO duality and voluntary disclosure. Furthermore, the association between CEO duality and voluntary disclosure is moderated by disclosure type, disclosure method and the level of investor protection. Finally, differences in definitions of explanatory variables affect the association between board composition and voluntary disclosure.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/4df2083580bc046a7ec658d2bad6dcba2c82c8bb

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In Accounting

1. Ahmed A. Elamer
2. Hussein A. Abdou
3. Collins G. Ntim
4. Abdalrhman Alnabsha
5. Martin Plöckinger
6. Roman Rohatschek
7. Ewald Aschauer
8. M. Hiebl

Citations in the corpus

• Corporate board characteristics and environmental disclosure quantity: Evidence from South Africa (integrated reporting) and Nigeria (traditional reporting) (2018, background): “Also, Samaha, Khlif, and Hussainey (2015) reported a positive relationship between the level of voluntary disclosure and the percentage of independent directors on the audit committee.”
• Governance Structures, Voluntary Disclosures and Public Accountability: The Case of UK Higher Education Institutions (2017, unknown): “University of Huddersfield Repository Ntim, Collins G., Soobaroyen, Teerooven and Broad, Martin J. Governance Structures, Voluntary Disclosures and Public Accountability: The Case of UK Higher Education Institutions Original Citation Ntim, Collins G., Soobaroyen, Teerooven and Broad, Martin J. (2017”
• The influence of individual executives on corporate financial reporting: A review and outlook from the perspective of upper echelons theory (2016, background): “Research on the in fl uence of executives ’ demographic characteristics on fi nancial reporting choices has primarily focused on gender, age, education, and experience.”
• Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country (2018, background): “Empirically, the findings of some studies indicate a positive association between NEDs and voluntary disclosure (e.g., Ntim et al., 2012b; Samaha et al., 2015), whilst other researchers found either no association (Aljifri et al., 2014; Ho & Shun, 2001) or a negative association (e.g., Ghazali &…”