Please use this identifier to cite or link to this item:
|Other Titles:||Abnormal Change of Board Members, Family Firms and Fraud|
Lin, Chan-Jane;Chang, Che-Chia
Fraud;Corporate governance;Board change;Family firm
|Issue Date:||2016-05-31 16:55:16 (UTC+8)|
This paper provides a comprehensive analysis about fraud firms in Taiwan and empirically investigates the relation between corporate governance and fraud occurrence. Considering the characteristics of corporate governance in Taiwan, this paper develops hypotheses relating abnormal change of board members and family firms to the likelihood of fraud. Empirical results show that there is positive association between unexpected change of board members and the probability of fraud. Further, the above positive relation exists mainly in family firms. This paper also shows that family firms alone are less likely to be involved in fraud than non-family firms. The result implies that alignment effect of family firms is dominant in Taiwan’s capital market. This paper contributes to the literature by providing the evidence that unexpected change of board members, rather than the percentage of outside board members, may be regarded as an important governance indicator to fraud occurrence.
International Journal of Accounting Studies
|Appears in Collections:||[會計評論] 期刊論文|
Files in This Item:
All items in 學術集成 are protected by copyright, with all rights reserved.