Efficiency of the Board and Quality of Information Disclosure: Based on the Perspective of Ultimate Ownership Structure

  • Rui Xiang
  • Qiqi Li
  • Yaqi Li
Conference paper
Part of the Lecture Notes in Electrical Engineering book series (LNEE, volume 241)


This paper empirically examines the relationships between the efficiency of the board, the efficiency of the board under the influence of ultimate ownership structure and the quality of information disclosure based on the data consisting of Chinese listed companies from Shenzhen Stock exchange from 2004 to 2007. The results from our sample show that, (1) The duality of board leadership and the number of board meetings have significantly negative impact on the quality of information disclosure; the board size has significantly positive impact on the quality of information disclosure; the board independence has not significantly impact on the quality of information disclosure. (2) The ultimate ownership structure (the ultimate nature of property rights, cash flow rights, the separation of cash flow rights and control rights) has significantly impact on the relationship between the board efficiency and the quality of the information disclosure. So we may prefect corporate governance and improve the quality of information disclosure by the conclusion of this paper.


Efficiency of the board Ultimate ownership structure Quality of information Disclosure Listed companies 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.Business SchoolSichuan UniversityChengduPeople’s Republic of China
  2. 2.School of Economics and ManagementSouthwest Jiaotong UniversityChengduPeople’s Republic of China

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