離任獨立董事臉部可信度會影響財務報導穩健性嗎？

Does the Facial Trustworthiness of Resigned Independent Directors Affect Financial Reporting Conservatism?

本研究乃在探討獨立董事的臉部可信度是否會影響公司財務報導穩健性，透過獨立董事離任事件之樣本進行分析，實證結果發現當公司離任獨立董事的臉部可信度較高時，會致使公司的財務報導穩健性降低。其次，倘若離任獨立董事為功能性委員會召集人（主席）時，則此種負面關係會得到減緩。總體而言，研究結果提供了獨立董事臉部可信度可以反映對於公司財務報導揭露決策之影響。

This study investigates whether independent directors’facial trustworthiness affects financial reporting conservatism. We focus on independent director resignation events, and the empirical results provide supporting evidence that resigned independent directors with higher facial trustworthiness are negatively associated with financial reporting conservatism. However, this negative relation is significantly moderated by resigned independent directors as chairpersons of functional committees. Overall, the results highlight that independent directors’facial trustworthiness reflects the impact on financial reporting disclosure decisions.