Dao, Mai; Huang, Hua-Wei; Zhu, Jishan - In: European Accounting Review 22 (2012) 3, pp. 607-643
In this paper, we examine the associations between the cost of equity capital and two audit committee (AC) characteristics: (1) average AC members' age and (2) average number of AC members' other directorships. This study is motivated by the recent emphasis on the important role of ACs in...