Quan, Yi; Li, Sihai - In: China journal of accounting research : CJAR 10 (2017) 1, pp. 71-86
We use a sample of Chinese A-share listed companies from 2003 to 2013 to explore the reputation damage and overflow … effect of academic independent directors who have received supervisory punishment. We find that when companies violate … information disclosure rules, the market punishes academic independent directors more severely than nonacademic independent …