Board Characteristics and Earnings Quality Based on UK Evidence

Zheng, Xinyue (2020) Board Characteristics and Earnings Quality Based on UK Evidence. [Dissertation (University of Nottingham only)]

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This paper focuses on testing the impact of board characteristics on the earnings quality of non-financial UK firms. Six aspects of board characters are chosen to be studied in this paper: board size; board independence, CEO duality; gender diversity; financial experts; audit committee independence. Using 284 firms listed in FTSE 350 from 2014 to 2019, this paper uses the Jones Model (1991) to generate the abnormal accruals as proxies for earnings quality. This paper concludes that a larger board size would enhance earnings quality. Besides, we also find that firms that have the board with a high percentage of independent directors tend to have higher earnings quality. Meanwhile, earnings quality will increase when firms have more financial experts on board, especially on the audit committee. However, the result does not present that CEO duality, gender diversity, and audit committee independence have impacts on earnings quality.

Item Type: Dissertation (University of Nottingham only)
Depositing User: Zheng, Xinyue
Date Deposited: 14 Apr 2023 14:53
Last Modified: 14 Apr 2023 14:53

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