Corporate governance research focuses primarily on the inputs into effective governance, yet we know little about how companies monitor and evaluate their governance systems on an ongoing basis. This is important because investors are increasingly relying on information about corporate...

This paper discusses the legal aspects of the activities of transnational corporations. The relevance of the subject matter is determined by the significant impact exerted by transnational corporations on the world economy in general and on the economic situation of the country in whichsuch...

This paper investigates differences between the external auditors’ (EA) and the internal auditors’ (IA) perceptions of the degree of usage and compliance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practices of Internal Auditing (Standards) by...

US companies are increasingly responding to demand from investors and other stakeholders for transparent information about companies’ environmental, social, and governance (ESG) performance by issuing ESG reports on a voluntary basis. We examine whether these reports help to resolve the...

We exploit the UK Bribery Act 2010 to test whether the pricing of audit services changes with the risk of the client-firm engaging in bribery. Adopting a triple-difference design, we show that subject firms operating in countries perceived as more corrupt, where bribery may be necessary to get...

Following securities law violations, regulators can require firms to hire a corporate monitor. These monitors are akin to consultants and are tasked with improving a firm’s financial reporting policies and internal controls. Monitors are embedded within a corporation at the behest of the...

Using a sample of U.S. firms from 2003 to 2018, we examine the effect of an audit client’s code of ethics quality on audit fees. We find that clients with a lower code of ethics quality pay significantly higher audit fees, suggesting that auditors perceive such clients as riskier and charge...

Sometimes the interests of participants in corporate relations begin to contradict each other, corporate conflicts and corporate legal disputes arise, and often participants in the conflict abuse their rights, paralysing the company’s activities. In this case, it is necessary to find an...

We show that firms with higher environmental and social (ES) capital display lower financial reporting quality (FRQ) during the Covid-19 crisis. We conjecture that this substitution, which did not exist pre-Covid-19, is driven by firm reliance on the signaling value of ES information to...

Based on signaling theory, we examine the role of external reviews during the life-cycle of corporate green bonds. We focus on (1) whether investment greenness is related to external review upon issuing a green bond and (2) whether disclosure quality is positively associated with the assurance...