2007•Economic & Trade UpdateRequires access
The role of impendent director in the accounting policy’ choosing
Jing Wu
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Abstract
Accounting policy determines the disbursement of the enterprise wealth between certain interest relationships. On the one hand, the enterprise operators have the accounting policy option, and possibly adopt the opportunism behavior to realize own interest maximization. On the other hand, introducing independent director can improve the“inside people controlling” current situation, thus suppresses operator's opportunism behavior.