RT Article
T1 Do Board Secretaries Influence Management Earnings Forecasts?
JF Journal of business ethics
VO 154
IS 2
SP 537
OP 574
A1 Xing, Lu
A1 Duan, Tinghua
A1 Hou, Wenxuan
LA English
PB Springer Science + Business Media B. V
YR 2019
UL https://www.ixtheo.de/Record/1785667459
AB The role of board secretaries is a unique institutional feature in China. Individuals in this senior executive role are responsible for coordinating information disclosure. We study the impact of board secretaries on management earnings forecasts and find that their legal expertise, accounting expertise and foreign experience help improve management earnings forecast quality. The quality of forecasts, as indicated by their occurrence, frequency, precision and accuracy, is also positively associated with the role duality (e.g. board director, CFO or other senior executive role) and equity holdings of board secretaries and negatively associated with their political connection. The quality of forecasts is found to increase the compensation of board secretaries. Finally, we show that the equity holding of board secretaries reduces litigation risks and increases corporate philanthropic giving.
K1 M41
K1 M12
K1 G30
K1 Litigation risk
K1 Top management team
K1 China
K1 Management earnings forecasts
K1 Board secretary
DO 10.1007/s10551-017-3478-6