Campbell, John L.; Hou, Weizhu; Zhang, Bo; ZHU, Kevin - 2022
We examine the relation between the proportion of a firm’s top management team that is appointed during a CEO’s tenure (i.e., top management team, or TMT, co-option) and audit pricing. Using a sample of U.S. firms during the 2001-2018 period, we find that TMT co-option is positively...