We provide evidence on the long standing concern on auditor conflicts of interest from providing non-audit services (NAS) to audit clients by using rarely explored NAS fee data from 1978-80 Using this earlier setting, we find cross-sectional evidence of improved earnings quality when auditors...

The purpose of this paper is to analyze the market for audit services for publicly traded companies operating in the US for-profit (FP) healthcare sector. Complex national and local healthcare laws and regulations suggest the importance of assessing fee effects of joint national-level and city...

We examine audit fees and returns to auditor reputation for Israeli entrepreneurs making initial public offerings (IPOs) of equity in U.S. capital markets. We find that the cost of audit quality in terms of audit fees is higher, and the benefit of audit quality in terms of IPO proceeds is lower...

This paper investigates whether economies of scale and scope exist for tax planning. In particular, do multinational corporations avoid more taxes than U.S. domestic-only companies, resulting in lower effective tax rates? While the empirical results indicate that ceteris paribus, larger...

The purpose of this study is to investigate the impact of auditor workload compression on the likelihood of changes to the busy season client portfolio of an audit firm. We find evidence of a positive association between workload compression and the likelihood of changes to the constituents of...

Equity analysts' earnings forecasts exclude dirty surplus income items, otherwise known as other comprehensive income (OCI). However, OCI affects firm value on a dollar-for-dollar basis and can enhance investors' understanding of the value and risk of firms' equity capital. Focusing on financial...

In this study I provide evidence that there is an economically significant relation between a firm’s environmental performance and its bond yields. Firms that have poor environmental performance will face future environmental liabilities related to compliance and clean-up costs due to...

In this study I provide evidence that there is an economically significant relation between a firm’s environmental performance and its bond yields. Firms that have poor environmental performance will face future environmental liabilities related to compliance and clean-up costs due to...

The 1964 Securities Acts Amendments extended the mandatory disclosure requirements that had applied to listed firms since 1934 to large firms traded Over-the-Counter (OTC). We find several pieces of evidence indicating that investors valued these disclosure requirements, two of which are...