Many firms tout their commitment to diversity, sometimes appointing racial minorities to their board of directors. We find that firms with more minority directors are associated with greater innovation output. Using patent-inventor information, we uncover an important yet previously...

This paper examines how board structure (i.e., board size, board independence, and Chief Executive Officer (CEO) duality) and ownership structure (i.e., ownership concentration) influence risk disclosure quality (RDQ) of FTSE 100 non-financial firms. RDQ is captured by integrating five...

This paper observes separately and jointly the impact of international financial reporting standards (IFRS) and/or board of directors’ independence on accounting conservatism in FTSE 100 non-financial firms between 2002 and 2007. By using Givoly and Hayn’s (2000) accrual-based measure of...