Purpose –This study aims to examine the association between corporate governance and audit fees using directors' and officers' (D&O) insurance premiums as a proxy for overall governance quality. The use of an overall governance measure that captures both structural and non-structural...

Purpose – This study aims to examine the association between corporate governance and audit fees using directors' and officers' (D&O) insurance premiums as a proxy for overall governance quality. The use of an overall governance measure that captures both structural and non-structural...

Borrowing from recent finance research that describes geographic distance as a determinant of information asymmetry and performance, we examine the relation between audit quality and auditor–client proximity. After controlling for monitoring costs (audit fees) and client firms’ selection of...