Recent concerns about the level of executive compensation led to revisiting the question of whether highly compensated corporate employees earn their pay. Several measures of company performance indicate that companies with the most highly compensated employees perform only in a manner...

Purpose: The purpose of this paper is to empirically investigate how audit quality affects the cost of equity (COE) defined benefit pension risk relation. As an antecedent to these tests, this study first uses implied COE measures and their pension intensity risk predictors to examine the...

Purpose: This study aims to investigate the effect of high insider ownership on firms’ internal controls over financial reporting. In particular, it examines how high insider ownership affects the likelihood of an adverse Sarbanes–Oxley Act Section (SOX Section 404) opinion and its...