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external auditor’s expertise to address principal agent problems, it draws attention to the audit committee’s roles, both as a …This paper not only recommends means whereby principal-agent problems could be addressed, but also considers various … ways in which the external auditor and audit committees contribute as corporate governance tools. The impact of bank …
Persistent link: https://www.econbiz.de/10011260501
between systemic risk and information asymmetries – hence the justification for greater focus on information channels as well … as disclosure and financial reporting requirements. Audits, which serve as vital signalling mechanisms in capital markets …
Persistent link: https://www.econbiz.de/10011107937
between systemic risk and information asymmetries - hence the justification for greater focus on information channels as well … as disclosure and financial reporting requirements. Audits, which serve as vital signalling mechanisms in capital markets …
Persistent link: https://www.econbiz.de/10010941012
between systemic risk and information asymmetries - hence the justification for greater focus on information channels as well … as disclosure and financial reporting requirements. Audits, which serve as vital signalling mechanisms in capital markets …
Persistent link: https://www.econbiz.de/10010951630
automatically facilitate lower risk taking levels – where there is scope for the abuse of powers. As well as illustrating why … effective corporate governance systems are essential in facilitating high levels of monitoring, accountability and disclosure …
Persistent link: https://www.econbiz.de/10008805896
-year loss and are run by top-echelons who are risk lovers. Sarbanes-Oxley Act (SOX) regulation does not attenuate the positive …We examine the impact of corporate risk-taking on firm-level real earnings management. We find that firms with higher … risk-taking engage in higher real earnings management. Our results are robust to a series of robustness tests, including …
Persistent link: https://www.econbiz.de/10012631900
Since the Sarbanes-Oxley Act was enacted in U.S., there has been a general tendency to globally harmonize regulations and practices of board governance. The purpose of this study is to compare among countries how well the board of directors constrains earnings management. Using a sample of firms...
Persistent link: https://www.econbiz.de/10013088051
This paper investigates how political and legal institutions affect the governance role of auditors for a sample of firms originating in 42 countries. Prior studies focus on investor protection, but I focus on political rights as well. Specifically, I investigate how institutions and audit...
Persistent link: https://www.econbiz.de/10013092384
This study investigates the determinants of firms' decision to impair goodwill under IFRS. Our empirical analysis is based on data for the years 2005 to 2011 for 8,110 non-financial firm-years and 1,358 financial firm-years from 21 countries where firms apply IFRS. We specifically investigate...
Persistent link: https://www.econbiz.de/10013022446
that potentially lead to differences in investment policy between family firms and nonfamily firms: family owners' risk … investment and idiosyncratic risk for families with more real options (i.e., investment opportunities). Our robustness tests …
Persistent link: https://www.econbiz.de/10012916515