We study the relation between corporate social responsibility (CSR) and internal control quality by empirically testing that CSR can be used to reduce managers' agency behaviors. Consistent with this agency cost hypothesis, we find that CSR indeed improves the firms' internal control environment...

In this paper we investigate the relation between audit committee quality, auditor independence, and the disclosure of internal control weaknesses after the enactment of the Sarbanes-Oxley Act. We begin with a sample of firms with internal control weaknesses and, based on industry, size, and...

Clawback policies are compensation recovery policies that provide companies with the ability to recoup incentive-based compensation in the event of a financial fraud. We investigate whether the mandatory clawback provision in the Dodd-Frank Act is necessary or whether existing provisions under...