Internal audit (IA) is theoretically considered a key element of modern corporate governance. Surprisingly, the existing knowledge on IA and its relation to the internal corporate governance structure is miscellaneous and rare. Consequently, empirical findings on the internal audit function...

Corporate Social Responsibility (CSR) gained importance over the last years. Yet, only few studies have investigated CSR in German family firms. This study analyzes the CSR communication of 714 listed German family and non-family firms using a content analysis of CSR mission statements. We find...

This paper addresses the question whether immediately switching from a managing to a monitoring function within a board is beneficial for a company or whether it should be regulated by a cooling-off period. On the one hand, companies have a mutual economic interest in continuously having a...