Does board ethnic diversity affect IFRS disclosures?
基于南非手工收集的数据，研究发现董事会中少数族裔董事比例越高，公司对IFRS强制披露要求的遵守程度越高，且非忙碌的少数族裔董事影响更大。
Purpose This paper examines the impact of board ethnic diversity on the level of compliance with international financial reporting standards (IFRS) disclosures. Design/methodology/approach Using a unique hand-collected dataset from South Africa, we develop a comprehensive disclosure index against 570 mandatory requirements of IFRS. Further, we employ the fixed-effects model to investigate whether board ethnic diversity affects IFRS disclosures. Findings We document a significant positive association between ethnic minority directors and IFRS disclosure levels. Furthermore, we reveal that non-busy ethnic minority directors have a greater impact on IFRS disclosure levels than their busy counterparts. Additional analyses show that ethnic minority directors have less impact on IFRS disclosure levels when their number exceeds two. Companies with more ethnic directors on audit committees are more likely to comply with IFRS disclosure requirements and ethnic diversity increases accounting disclosures irrespective of the level of ownership concentration. Originality/value Our findings shed new light on the impact of board ethnic diversity on firms’ compliance with IFRS disclosure requirements. The results are robust to alternative econometric techniques, proxies and potential endogeneity concerns.