Purpose – Audit quality studies document that accruals decrease when the audit firm is large, or the audit firm is an industry specialist, or the audit-client tenure is long. The purpose of this paper is to posit that incentives related to highly-valued equity mitigate these results, as...

Prior research documents that markets efficiently impound pension plan risk into a defined benefit plan's market value. This study adds to these prior works by investigating how audit quality affects the pension risk – cost of equity relation. Using proxies to measure pension intensity, and...