이사회 다양성이 재무보고 활동에 미치는 영향

Abstract

[Purpose] This study analyze the effect of the board diversity on financial reporting process. Specifically, We examine the relationship between the board diversity such as gender, nationality and background and revenue－expense recognition.
 [Methodology] We analyze the effect of the board diversity on financial reporting by using the ratio of female, foreigner and former government officer on the board. This study was conducted by using gender, nationality and background data in the annual reporting of Korea listed firms over the period from 2006 to 2020.
 [Findings] The main findings as follow. First, we find that the higher the board diversity, the more significantly matching of revenue and expense, which can be interpreted that firms with diverse board member report timely based on the revenue －expense matching principle. Second, firms with gender and nationality diversity report match the revenue to the expense. These findings are consistent with the results of prior research.
 [Implications] This study has the following contributions. First, this study is differentiate from prior research in terms of measuring the board diversity using three variables such as gender, nationality and background. Second, we expand the existing research on governance and board by presenting a new aspect of board diversity as a factor affecting the revenue－expense matching, and presents the timely results in a recently situation where various stockholders’ demands for board diversity of listed firms are increasing.