CINXE.COM

<!DOCTYPE html><html lang="en-US"><head><title>Just a moment...</title><meta http-equiv="Content-Type" content="text/html; charset=UTF-8"><meta http-equiv="X-UA-Compatible" content="IE=Edge"><meta name="robots" content="noindex,nofollow"><meta name="viewport" content="width=device-width,initial-scale=1"><style>*{box-sizing:border-box;margin:0;padding:0}html{line-height:1.15;-webkit-text-size-adjust:100%;color:#313131;font-family:system-ui,-apple-system,BlinkMacSystemFont,Segoe UI,Roboto,Helvetica Neue,Arial,Noto Sans,sans-serif,Apple Color Emoji,Segoe UI Emoji,Segoe UI Symbol,Noto Color Emoji}body{display:flex;flex-direction:column;height:100vh;min-height:100vh}.main-content{margin:8rem auto;max-width:60rem;padding-left:1.5rem}@media (width <= 720px){.main-content{margin-top:4rem}}.h2{font-size:1.5rem;font-weight:500;line-height:2.25rem}@media (width <= 720px){.h2{font-size:1.25rem;line-height:1.5rem}}#challenge-error-text{background-image:url(data:image/svg+xml;base64,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);background-repeat:no-repeat;background-size:contain;padding-left:34px}@media (prefers-color-scheme:dark){body{background-color:#222;color:#d9d9d9}}</style><meta http-equiv="refresh" content="120"></head><body class="no-js"><div class="main-wrapper" role="main"><div class="main-content"><noscript><div class="h2"><span id="challenge-error-text">Enable JavaScript and cookies to continue</span></div></noscript></div></div><script>(function(){window._cf_chl_opt={cvId: '3',cZone: "publications.waset.org",cType: 'non-interactive',cRay: '913616e2de51fe01',cH: 'aUne0Po_ig7aigyxRpjGtZv49g9zbZfWk.91P3PR.O8-1739798579-1.2.1.1-5ns4ZZhjBzdBEP8lxbEJGSAnDD00PG9M9V_6bR0fTl3y61VGzut0VzJ8On7kLcFN',cUPMDTk: "\/abstracts\/2427\/antecedence-of-accounting-value-the-role-of-board-capital-and-control?__cf_chl_tk=dJ9Udxpo8yKsbhI58E5UVgN9Z5LDXnyGS6wyZl.NDXQ-1739798579-1.0.1.1-aZPamwSlcFDLuLCkDMFL7PLKfx1dvA3seI5v.xlebvM",cFPWv: 'b',cITimeS: '1739798579',cTTimeMs: '1000',cMTimeMs: '120000',cTplC: 0,cTplV: 5,cTplB: 'cf',cK: "",fa: "\/abstracts\/2427\/antecedence-of-accounting-value-the-role-of-board-capital-and-control?__cf_chl_f_tk=dJ9Udxpo8yKsbhI58E5UVgN9Z5LDXnyGS6wyZl.NDXQ-1739798579-1.0.1.1-aZPamwSlcFDLuLCkDMFL7PLKfx1dvA3seI5v.xlebvM",md: "rgcPmBikX6FEbUocY2XbpND69DeWYkraUZXy3A5FTP0-1739798579-1.2.1.1-ZmGbcjmD11wWGgQF0SkLfsqbCAPP3iXyw4j5OBXFGQUmjg3FEWWIaFawnSfSQBbvzwWXYHmvJPM4R97T_jBi3kea0ny4oaZTQ90Ij0I.UVUvriLvLxRgX9UZl2vErX7aJ2KtWxUwBMiwmkTPyR9T7EMBE_Fm7QAaEkcVaWDcwMWGeRWYrPKta3MSyvMqXPX6DU2rBSroQgfhK8dL3mYxSbBb99C4n196KtswoSLjOLM.SQN2ulgWd_0WkzOVbacDRHVF_MGgaoSUN2JSR1DbFL.Leq.vSNnfAJJtutguAvtk0yVKt.dRc_qKotuVxzsyVKKy9zei2XgVwaW0LcwaX3REitooPE8Zm8AyjL5lUNfi5yg74V0uJqq9Hiou7_RvmE0ltafgQDLhAbCxz4Z6NlK19SAIIuqSiaYJTxs_3_mNCe_NNyAWIIUg0kD6SZjqW9uZGV8gKB9zTrlae340JRbGBF6VcGKL3VNcE5uC6DYJwFOCY35xzfN7ZHS0yi1HHAoSiAY4HmsHNiDE8lMo_DkkglfYQrog4HDZVpig0brOfk6bzG4enqyJWnd6XQFsRylmpcaIYBsSqZEg1ob9Ez6mfJqd_rHe3.190E3YtQSsnhZvui30BuPBeQ7HDwQUmYipqqOtEF0ODWmjMMPMU5i4uGup5HrWcgUu27pKtMnyZO5knPidLOUl4NtdwOdE34Frm.9m4cLA7LhF3g6zzwfi9NZDpR_6n.R3ktU9NuUJ34ZtnQfJCCjVyoZqpUTYurBXAp5eNrKwRNxV5ieRgjo82W65eBbth57KD8v_ipzhHobgSxp03qMZhNcyPbUlN_qKQwd5AFE_4t4Ki.ex.09oq5_efmvDphtbJtiel_8W4yl7UZuV5cG5NaUPuH6eEUoXA73hLksCtDkiZck_uTrV4S._P_5jVMk41xdH.iAf0JaWZqRgneWX9RN_2y3L1Sb_bqnbFFybPyMo7m3Ardr0W8rrsSfukWm9PEdr.CZ5cdGDPzDXdTCBP4THzGWkxX4uaWDbt8nEMq_zTXGedw08a9IQP2VAU8JD8iCGJzTSjctWAAzNfkRliDbAUg3ShStTQddRfpoNf.af4AIgme88NBuEm38579Szl3AVb6qnn2qauRcNz3e4Az5H209jcGj0o6FqwzdHFk3fW_yrYDIej89Ck1k0CHKssZMxQssCTLT7qR7ZcSHASXC.AG8sK.wjKnEFE.2flBYt6vnpILZF8UVBkTrLawGhKl5ZxsB2mTsGUAqj1lyj0MsGaqdOFO7DPawYNh4MGHgRGSX65vcTbHTs_y80Q8X2co9E1hnp35iEqmE6XNSuTSUaKGbMLKQjXcuEDnGSnyEsKP3wzExOk2T_Lh0NnHvVKV_ib2Fp0TFoXtXbrr22RrkiDWKSNitEoyjJKz2.OwN1DfmppW4cQO1KiACPTdRnxlCa3FenR8OkO3k2a.QMLy8SVQjEzISOimT6PLaoE1ViDR7agM3OYg5cpKo0_jWK9z2gBatwEIi.pJ7DuqzQMOtGglzZgWWIs.au0rsmJjoQBNtlF0QLvU5NXhk9vV6FUNvGAAV1uth6OK1XtDh8J0EA45SXVDjDM399WwDfgvRAyihZZCiXXaqwhssAkdLzUl7IL8FA7IuLRoFV8Msd.TYYZWhGoHq3fmK0TZZMdgtHjnai7yOEAPreEBUDnUynxuNH2r2.M6PWSXAQziKzcJANKC7mTOqKZ6xV4qaMzmnkR2sHhYama3nRsu6OfyKkG5zwl_7kqftka.jYVPL.OCu1oOVeptEH21gFEM4dhrzeUoJTsuQys6NJfzkoNttS.5UkGJ9ktxbseKDXy8U4DPyGfgDXXcmCHGzzY0bnHzsIrBG1OcfXurP06TI2WZ6KGbXS8BBB8bo4PB3ZOUFurvZK5pVNckuaD8lAfQiFOdc8NH2VeJ8jZrQG3UXFPdX69pB3JdCsq0xRnrnfRMqhckEiNokyIiRRA42fZ_cWIJQmoNVwALKPh_CiUQ7NTiFdJBA1nN5cJuIS.NQJXz1.X2v6k0dGdzjXxX.t4.bnPOhn.eUqHclXHUYVRYmUPd64DOBkp.M",mdrd: "F7ZKIgGg9KEn01BNxTwtn.FKF.8bAQeSXT7KpifAPD8-1739798579-1.2.1.1-o6O2xv1uLQYfP_VpKABL5o6cKm7L8GfaLptMAddjSH.0o2nSDOpyGA4mLmWNyh2rI_fEfpJnyVM9aWZyva8ObVx5b79D.NToHtI690x48n8coXFoPh5QQuw5c8E2j137ifxTh2znb3AnIJFQkEL.7UK5KkmnS71TBKvSY1QyKK31.awFV.39Jdz8cHFOIMjkdno9wT5enIJNsC08AOr.t5in1IU1ZRhSDPIXb2Q3loXHZPDhvnf36hRjXBpX.9W_Y5hiOj6exXH719_rfcwFSvWPyHGOWbgY8OqOs8cxc6t2HTRwRPSU6drLxYLZqnB79PHa2LbnLbI0Lvyu3JhbjCr8nsGlEp_lRnL7FNm7OEFCiWRZ4VhPbpRwb923Xyw629F7gSVt_706oiu07heg1PCjuRm4tw_5c7OvOES1JwopfXfRm4xQWoZMx9yT9b9RX9iks8x0CZMg1W7IhuCu94XsUrf2RXltH8imnB61GOk5GVCJbBFDD_BIb9JMPX4qwi4UFNI0T5mkT9oJBv974052aCb_dHZcfvF5XVRlAZbNq.uGm.gD8epOHSLkceFqsE3fla8Fb1FsMGeE9aALT5Ljra.pCwXjxeG5pzxQmPj4YdzaYlyG6lexEmaTId38d_XTL_r9b4fjFhYoAmxEm3zOeA5XscuWqkBBTaW1EbU6nGdZOsceCILYZFl34D8E4gsFH5Mv9.uvaC2stl6qbmSud8V4Yw6WSAfwsOWSUliJuNKg4fph36C2dDR9HVBSHZOvWtd5xqDPzikdcnjUJCLbt_pMCrqo1KSphfcWy4X8FOZ6PablksTLzuBjA4P3rbDZ9fSQGUk0cbNQSDNx9uC9WJ23_HcCOWCB_msdB1K8ghMlnU63IcrSM_H4i.jFwh9bI66ECKYByQZY5Fm3.IGESm0Em.ekRuqw4GDhdvBX7C2K_lChl54Yhoe8PlZFB6sBTZhi8A4ij6ZalbjngYbVchSIvkNwvpgJaXj5x868z8zRfKgMvy58wKvg812uVFg0jlY9erJDuV4RMf3luPKM8_PRA8mLbTjY_VZcTkTbJ2A3O25RHEGmx7mKPVkiogIQpSb8_gIPJm5wsbqKJpP6aMddA6j4F294btK9B6qTNO7zNA2J0Ov2kPaJFXWcPzsAM7Y7oBoAGtaZqfC3BBSohHHiWY_NxswwMEdW0WJ9W7AhBrFHNvFRn_64y1RlhUbNIatZ_jY6iF7PRo.vEG3_JytyBVqKezR59Mhzm2WguQ24WFCrPtUWJiumMuawSq8hDERs7Tyi4oKIq.hLbCNU_e03P7oZIX9AGeb5lzlZte80Dopy9u2b7QTKnX84smk3JE7IXPM2YO67OH5vDv5WhL7A0C3hGg8T5IZBN59Hj1QwScAU4vsDpA4hw5rXkrMQJ8_Q.CvzIRTK_kU5VGPTLKURcJdWS9WO368xdB_VTGndMpIKfTpFQFeXfDIoc3QDVXqsDRvKUF8kefCAHkS8H3Jhm239GgptZf4pzaEANnS1xOfwDY4MjhOQLKVnysNRoTWEpLX2rV7mIVSPRBXP9ZJRSOsYIUeXMth0X9qdKKR1_I2eUoNk4EUOcnjzYQzaoNXtZh5QVq5.0eCmzfHIrE4V23L_tQEicQkJY2piI.5xxXd2yOdvlzRxIrN6686KMbldOiJuVv20bY9olqMz6VSmXC7F13BoP17i3PEOKjIeEzLNXmnW92uiD2cDI3YJ0Zm1wv5g.r_gJfsjy0uFtrYRt9lEHzi.0jQuiqERNvUhO2c0BuPaN_xk6UUgn9UtJXMDMELS_utA_dibzA09_B7IcD3lH0nsdlLc8DnntJQ4iAWNIWNDkDu6DvY2H3Sw5o.YJYtxAQ8RGfcO1Nm2uYXiZ0abaCg3Uo08Xtn0vsIo_gj.7lifYqFcwnQlwHifCM7OgsXnP3AiyhbsOoJpJxZPPuJ3_2uFMiMLpX.5YMnvfiR.S1cLD.YrnrQJ"};var cpo = document.createElement('script');cpo.src = '/cdn-cgi/challenge-platform/h/b/orchestrate/chl_page/v1?ray=913616e2de51fe01';window._cf_chl_opt.cOgUHash = location.hash === '' && location.href.indexOf('#') !== -1 ? '#' : location.hash;window._cf_chl_opt.cOgUQuery = location.search === '' && location.href.slice(0, location.href.length - window._cf_chl_opt.cOgUHash.length).indexOf('?') !== -1 ? '?' : location.search;if (window.history && window.history.replaceState) {var ogU = location.pathname + window._cf_chl_opt.cOgUQuery + window._cf_chl_opt.cOgUHash;history.replaceState(null, null, "\/abstracts\/2427\/antecedence-of-accounting-value-the-role-of-board-capital-and-control?__cf_chl_rt_tk=dJ9Udxpo8yKsbhI58E5UVgN9Z5LDXnyGS6wyZl.NDXQ-1739798579-1.0.1.1-aZPamwSlcFDLuLCkDMFL7PLKfx1dvA3seI5v.xlebvM" + window._cf_chl_opt.cOgUHash);cpo.onload = function() {history.replaceState(null, null, ogU);}}document.getElementsByTagName('head')[0].appendChild(cpo);}());</script></body></html>