Academic independent directors and corporate fraud: evidence from China

Rui Xiang and Wenyan Zhu

Asia-Pacific Journal of Accounting & Economics, 2023, vol. 30, issue 2, 285-303

Abstract: This paper examined the effect of academic independent directors on the incidence of corporate fraud in a sample of listed Chinese companies from 2007 to 2017. A significant inhibitory effect on fraudulent activities was found when academic directors were on the board, which was stronger when the academic directors were highly reputable or from legal and accounting backgrounds. Negative relationships between academic directors and the likelihood of fraud commission and positive relationships for the likelihood of fraud detection were also proven. This study highlighted the corporate fraud prevention effect that academic independent directors can have on company operations.

Date: 2023
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DOI: 10.1080/16081625.2020.1848594

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Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

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