scholarly journals Board Interlocks and the Diffusion of Disclosure Policy

2013 ◽  
Author(s):  
Ye Cai ◽  
Dan S. Dhaliwal ◽  
Yongtae Kim ◽  
Carrie H. Pan
Keyword(s):  
Disclosure Policy ◽  
Board Interlocks

scholarly journals Board interlocks and the diffusion of disclosure policy

2014 ◽  
Vol 19 (3) ◽  
pp. 1086-1119 ◽  
Author(s):  
Ye Cai ◽  
Dan S. Dhaliwal ◽  
Yongtae Kim ◽  
Carrie Pan
Keyword(s):  
Disclosure Policy ◽  
Board Interlocks

Network Ties Among Low-Tax Firms

2013 ◽  
Vol 89 (2) ◽  
pp. 483-510 ◽  
Author(s):  
Jennifer L. Brown ◽  
Katharine D. Drake
Keyword(s):  
Social Network ◽  
Avoidance Behavior ◽  
Tax Avoidance ◽  
Executive Directors ◽  
Network Ties ◽  
Board Interlocks ◽  
Network Connections ◽  
Focal Firm ◽  
Avoidance Strategies ◽  
Network Partner

ABSTRACT This study examines (1) whether network ties help explain variation in tax avoidance, and (2) how the relation between network ties and tax avoidance varies depending on the nature and context of those ties. We posit that information on a range of tax-avoidance strategies is shared among firms through their social network connections. Using board interlocks to proxy for these connections, we find that firms with greater board ties to low-tax firms have lower cash ETRs themselves. Ties to low-tax firms are more influential when the focal firm and its network partner are operationally and strategically similar, as are ties created by executive directors. Board ties to low-tax firms are also more influential when the focal firm and its network partner engage the same local auditor. Overall, our results suggest that the influence of firms' network ties on their tax-avoidance behavior depends on the character of those ties.

scholarly journals Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

2021 ◽  
Vol 18 (11) ◽  
pp. 6033
Author(s):  
Yue Liu ◽  
Pierre Failler ◽  
Liming Chen
Keyword(s):  
Property Rights ◽  
Large Scale ◽  
Environmental Responsibility ◽  
Mandatory Disclosure ◽  
Corporate Environmental Responsibility ◽  
Disclosure Policy ◽  
Protection Information ◽  
The Difference ◽  
Csr Disclosure ◽  
Corporate Social

Corporate environmental responsibility (CER) is an important component of the corporate social responsibility (CSR) report, and an important carrier for enterprises to disclose environmental protection information. Based on the corporate micro data, this paper evaluates the effect of a mandatory CSR disclosure policy on the fulfillment of corporate environmental responsibility by adopting the difference-in-differences model (DID) with the release of a mandatory disclosure policy of China in 2008 as a quasi-natural experiment. The study draws the following conclusions: First, a mandatory CSR disclosure policy can promote the fulfillment of CER. Second, after the implementation of a mandatory CSR disclosure policy, enterprises can improve their CER level through two channels: improving the quality of environmental management disclosure and increasing the number of patents. Third, the heterogeneity of the impacts of mandatory CSR disclosure on CER is reflected in three aspects: different CER levels, different corporate scales and a different property rights structure. In terms of the CER level, there is an inverted U-shaped relationship between the CER level and mandatory CSR disclosure effect. In terms of the corporate scale, mandatory disclosure of CSR plays a greater role in large-scale enterprises. In terms of the structure of property rights, mandatory CSR disclosure has a greater effect on non-state-owned enterprises.

scholarly journals Do Interlocks Lead to the Convergence of Interfirm Innovation Performance? Evidence From China

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110071
Author(s):  
Ying Teng ◽  
Eli Gimmon ◽  
Wentong Lu
Keyword(s):  
Network Effects ◽  
Demographic Characteristics ◽  
Innovation Performance ◽  
Driving Mechanism ◽  
Interlocking Directorates ◽  
Board Interlocks ◽  
Enterprise Innovation ◽  
New Perspective ◽  
The Relationship ◽  
Level Analysis

We examine how interlocking directorates influence innovation performance differentials between firms. Our study offers a new perspective of the effect of interlocking directorate ties upon innovation performance, focusing on network effects on interfirm performance. Using a sample of China’s listed companies for the period 2012–2016, we empirically examined the relationship between board interlocks and interfirm innovation performance differentials. The results demonstrate that the presence of board interlocks reduces interfirm innovation performance differentials and leads to a convergence of innovation performance between the connected companies. Furthermore, cross-level analysis found that the relationship between board interlocks and interfirm innovation performance differentials is moderated by the interfirm industry attributes and demographic characteristics of the board. This study expands the existing research in explaining the driving mechanism of enterprise innovation performance as affected by interlocking directorate ties.

scholarly journals Corporate boards, interorganizational ties and profitability: the case of Japan

2021 ◽  
Author(s):  
Matthias Raddant ◽  
Hiroshi Takahashi
Keyword(s):  
Network Effects ◽  
Board Composition ◽  
Corporate Boards ◽  
Corporate Board ◽  
Combine Data ◽  
Board Interlocks ◽  
Time Period ◽  
Interorganizational Ties ◽  
Japanese Corporations

AbstractWe analyze the ties between 4000 Japanese corporations in the time period from 2004 until 2013. We combine data about the board composition with ownership relationships and indicators of corporate profitability. The board network exhibits some clustering, which can partly be explained by ownership relations, and a tendency to form ties to other corporations from the same sector. Connectivity in the board network (corporate board interlocks) and ownership network (shareholdings) does have an influence profitability. Firms that are linked to peers with above average profitability are more profitable than firms in other relationships. Hence, network effects partly explain why board interlocks and ownership ties are not always beneficial.

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