Title: ASEAN countries CG disclosure practices: a comparative analysis of one-tier and two-tier board structures

Authors: Safia Nosheen; Naveed-ul-Haq; Tahseen Mohsan Khan

Addresses: Finance Department, School of Business and Economics, University of Management and Technology, Lahore, Pakistan ' Finance Department, School of Business and Economics, University of Management and Technology, Lahore, Pakistan ' Finance Department, School of Business and Economics, University of Management and Technology, Lahore, Pakistan

Abstract: Study focal point is to access the influence of CEO characteristics and audit quality on disclosure quality in the comparison between one-tier and two-tier board structures. Tobit regression model with the random effect is used to access influence on disclosure quality by using the sample of 200 non-financial firms of Indonesia, Malaysia, Thailand, and Singapore for the period from FY 2011 to FY 2015. The study empirically analyses the various characteristics of one and two-tier board structures. Findings of the study observe CEO dual role inversely and audit committee expertise directly impact disclosure quality for both structures. Further, observed audit committee size and firm size directly impact disclosure quality for one-tier structure and CEO age and leverage inversely impact two-tier structure. Finally, CEO tenure, audit quality and audit committee independence having no impact on disclosure quality for both board structure.

Keywords: disclosure quality; CEO characteristics; one-tier boards; two-tier boards; audit quality characteristics; non-financial firms.

DOI: 10.1504/IJBGE.2020.108096

International Journal of Business Governance and Ethics, 2020 Vol.14 No.3, pp.317 - 335

Received: 06 Sep 2018
Accepted: 12 Sep 2019

Published online: 13 Apr 2020 *

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