Military-experienced directors, CEO busyness and financial statement footnotes readability: evidence from Indonesia
dc.contributor.author | Abdul Wahab, Effiezal | |
dc.contributor.author | Harymawan, I. | |
dc.contributor.author | Wardani, D.A.K. | |
dc.contributor.author | Nasih, M. | |
dc.date.accessioned | 2024-06-24T03:32:04Z | |
dc.date.available | 2024-06-24T03:32:04Z | |
dc.date.issued | 2024 | |
dc.identifier.citation | Abdul Wahab, E.A. and Harymawan, I. and Wardani, D.A.K. and Nasih, M. 2024. Military-experienced directors, CEO busyness and financial statement footnotes readability: evidence from Indonesia. Asian Review of Accounting. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/95401 | |
dc.identifier.doi | 10.1108/ARA-09-2023-0246 | |
dc.description.abstract |
Purpose: This study examines the relationship between the characteristics of militarily experienced directors and financial statement footnote readability. The second research question considers whether CEO busyness impacts the relationship between military-experienced directors and financial statement footnotes readability. Design/methodology/approach: We use nonfinancial listed firms on the Indonesian Stock Exchange from 2010 to 2018, which amounted to 1,002 firm-year observations. We test the hypotheses and use fixed effects and Heckman's two-stage regression. Findings: This study documents a negative relationship between military directors and financial statement footnote readability. We extend this relationship by factoring board busyness into the equation. We find that the presence of military-connected and busy CEOs negatively impacts the readability of financial statement footnotes. The results remain robust after additional analyses. Research limitations/implications: Future research should consider a more robust measure of military-experienced directors. A broader context of directors' busyness should be considered, such as including multiple directorships. Originality/value: We revisit the literature on military-experienced directors by considering political connections as one of the proxies for military connections in Indonesia. The findings largely support the convergence of the political connections literature in which rent-seeking activities are prevalent and prevent sound financial reporting. | |
dc.title | Military-experienced directors, CEO busyness and financial statement footnotes readability: evidence from Indonesia | |
dc.type | Journal Article | |
dcterms.source.issn | 1321-7348 | |
dcterms.source.title | Asian Review of Accounting | |
dc.date.updated | 2024-06-24T03:32:04Z | |
curtin.department | School of Accounting, Economics and Finance | |
curtin.accessStatus | In process | |
curtin.faculty | Faculty of Business and Law | |
curtin.contributor.orcid | Abdul Wahab, Effiezal [0000-0002-6945-0179] | |
dcterms.source.eissn | 1758-8863 | |
curtin.contributor.scopusauthorid | Abdul Wahab, Effiezal [55765853900] | |
curtin.repositoryagreement | V3 |