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Proceedings of the Seventh International Conference on Management Science and Engineering Management pp 389–403Cite as

Efficiency of the Board and Quality of Information Disclosure: Based on the Perspective of Ultimate Ownership Structure

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Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 241))

Abstract

This paper empirically examines the relationships between the efficiency of the board, the efficiency of the board under the influence of ultimate ownership structure and the quality of information disclosure based on the data consisting of Chinese listed companies from Shenzhen Stock exchange from 2004 to 2007. The results from our sample show that, (1) The duality of board leadership and the number of board meetings have significantly negative impact on the quality of information disclosure; the board size has significantly positive impact on the quality of information disclosure; the board independence has not significantly impact on the quality of information disclosure. (2) The ultimate ownership structure (the ultimate nature of property rights, cash flow rights, the separation of cash flow rights and control rights) has significantly impact on the relationship between the board efficiency and the quality of the information disclosure. So we may prefect corporate governance and improve the quality of information disclosure by the conclusion of this paper.

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Author information

Authors and Affiliations

  1. Business School, Sichuan University, Chengdu, 610064, People’s Republic of China

    Rui Xiang & Yaqi Li

  2. School of Economics and Management, Southwest Jiaotong University, Chengdu, 610031, People’s Republic of China

    Qiqi Li

Authors
  1. Rui Xiang
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  2. Qiqi Li
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  3. Yaqi Li
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Corresponding author

Correspondence to Rui Xiang .

Editor information

Editors and Affiliations

  1. Business School, Sichuan University, Chengdu, China, People's Republic

    Jiuping Xu

  2. Drexel University, Philadelphia, USA

    John A. Fry

  3. LeBow College of Business Department of Decision Sciences, Drexel University, Philadelphia, Pennsylvania, USA

    Benjamin Lev

  4. Azerbaijan National Academy of Sciences, Institute of Cybernetics, Baku, Azerbaijan

    Asaf Hajiyev

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© 2014 Springer-Verlag Berlin Heidelberg

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Xiang, R., Li, Q., Li, Y. (2014). Efficiency of the Board and Quality of Information Disclosure: Based on the Perspective of Ultimate Ownership Structure. In: Xu, J., Fry, J., Lev, B., Hajiyev, A. (eds) Proceedings of the Seventh International Conference on Management Science and Engineering Management. Lecture Notes in Electrical Engineering, vol 241. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40078-0_34

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