Empirical research on voluntary information disclosureÃ¢ÂÂÃ¢ÂÂempirical evidence from listed company in technology industryAuthor(s): Jiemei Zhang, Like Li
The board of directors is the core of corporate governance, which plays an important role in supervising the managers to generate the periodic reports and final disclosure, and the board characteristics affect voluntary disclosure degree. In China, the empirical analysis of the board characteristics affecting voluntary disclosure degree is seldom, especially from the board characteristics variables such as the board meetingsãthe proportion of stockholding directors variables. By researching the listed companies in Technology Industry from 2005 to 2006, this paper shows that: The proportion of independent directors and stockholding directors have significant positive correlation with voluntary disclosure level; CEO duality has significant negative correlation with voluntary disclosure level; The board size and meetings have no significant correlation with voluntary disclosure level. We can find defects in board system through studying the relationships between board characteristics and voluntary disclosure, which has great realistic meaning for perfecting the board system contribution.