Purpose: The purpose of this study is to examine whether independent directors' financial expertise affects the use of private information in setting bank chief executive officer (CEO) bonuses. Design/methodology/approach: The association between future firm performance and bank CEO bonuses is...

Purpose: The purpose of this study is to examine whether firm-specific litigation risk affects independent director conservatism in the oversight of financial reporting. Design/methodology/approach: This study considers the enactment of Sarbanes–Oxley Act and the main US stock exchanges'...

Purpose – The purpose of this paper is to examine whether client-specific litigation risk affects the audit quality differentiation between Big N and non-Big N auditors. Specifically, the authors examine whether higher quality audits of Big N auditors relative to non-Big auditors is more...

This study investigates the relationships among industry specialist auditors, outside directors, and financial analysts. Specifically, we examine the effect of analyst coverage on the association between auditor industry specialization and outside directorship. We find that outside directors are...