Data and Samples
Two types of variables are used in this study,
the independent and dependent variables.
1. Independent Variables are the variables of
interest which include:
1.1 Board of Structure: Board Size, Board
Meetings, CEO Duality, Audit Committee
1.2 Ownership Structure and Shareholding:
Block Holding 5%, Institutional Ownership,
Foreign Ownership, Family Ownership
(25%)
1.3 Executive Compensation: Compensation
for Board of Directors
1.4 Transparency and Disclosure: Sum of
Transparency and Disclosure.
2. Dependent Variables which include:
2.1 Earnings Persistence
2.2 Earnings Informativeness
CEO Duality, Audit Committee