Cram et al. (2009) argued that conditional logit regression could produce better regression results than ordinary logit regression when applied to matched samples. But their evidence of conditional logit regression's advantages over ordinary logit regression is not statistically robust, for they...

After several major financial scandals, mandatory auditor rotation was raised as a measure to improve the auditor independence. For regulators who are to set mandatory rotation limit need detailed information about the turning points of the inverted U-shaped relationship between audit quality...