Purpose: The purpose of this paper is to investigate the effect of independent directors in reducing firms’ information asymmetry. Moreover, the authors enrich this investigation by differentiating the effectiveness of independent directors in an intriguing comparative setting of family vs...

Purpose: The purpose of this study is to examine the impact of proximity to broad bond rating change on annual report reading difficulty. Design/methodology/approach: We use regression analysis to examine the association between proximity to broad bond rating change and reading difficulty of...

Purpose: We examine the impact of sales order backlog (an important leading performance indicator) on corporate cash holdings and the role of corporate governance in the relation between sales order backlog and cash holdings. Design/methodology/approach: We use the regression analysis to...