Board Governance and Information Quality

Bin Srinidhi

Chapter 17 in Information for Efficient Decision Making:Big Data, Blockchain and Relevance, 2020, pp 493-524 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, I discuss how the information environment of a firm is affected by the functioning of the board. Independent opinion formation by directors, the richness of information that is brought to bear on board decisions, as well as inter-director communication, are essential for improving the information environment of a firm and the credibility that its disclosures instill in its investors. Specifically, I address board independence, gender and ethnic diversity among directors, and inter-director communication as factors that contribute to information quality. Because the incentives of directors are markedly different between family and diversified non-family firms, I discuss this aspect of ownership in the chapter. While board functioning is only one of the determinants of information quality, it is a critical one and therefore, an understanding of the board functioning and its links to information quality is of paramount importance.

Keywords: Accounting; Decision Making; Economic Information; Stock Trading; Acquisitions; Mergers; Financing Reporting; Reliable Information; Company Decisions (search for similar items in EconPapers)
JEL-codes: A1 M41 (search for similar items in EconPapers)
Date: 2020
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