Chang, Jui-Chin; Sun, Huey-Lian - In: Review of Accounting and Finance 15 (2016) 3, pp. 274-293
Purpose This study aims to examine the reputation effect by assessing whether fraudulent financial reporting is associated with high board turnover and significant loss of directorship held by directors affiliated with fraud firms. Although the Sarbanes–Oxley Act (SOX) and major stock...