| Reference: | REFERENCES FOR ESSAY 1
Abbott, L.J., G.F. Peters, and K. Raghunandan. 2003. An empirical investigation of audit fees, non-audit fees, and audit committees. Contemporary Accounting Research 20 (2): 215–34.
Adams, R. B. and D. Ferreria. 2009. Do directors perform for pay? Journal of Accounting and Economics 46 (1): 154–71.
Alexander, J. 1991. Do the merits matter? A study of settlements in securities class actions. Stanford Law Review 43 (3): 497–598.
Archambeault, F.T. Dezoort, and D. Hermanson. 2008. Audit committee incentive compensation and accounting restatements. Contemporary Accounting Research 25 (4): 965–92.
Armstrong, C., D. Larcker, G. Ormazabal, and D. Taylor. 2013. The relation between equity incentives and misreporting: The role of risk-taking incentives. Journal of Financial Economics 109 (2): 327–50.
Asthana, S.C. and J.P. Boone. 2012. Abnormal audit fee and audit quality. Auditing: A Journal of Practice & Theory 31 (3): 1-22.
Badertscher, B., B. N. Jorgensen, S. Katz, and W. Kinney. 2014. Public equity and audit pricing in the U.S. Journal of Accounting Research 52 (2): 303-339.
Balsam, S., J. Krishnan, and J. Yang. 2003. Auditor industry specialization and earnings quality. Auditing: A Journal of Practice & Theory 22 (3): 71–97.
Barrier, M. 2002. The compensation balance. Internal Auditor 59 (3): 42–47.
Beasley, M. S. 1996. An empirical analysis of the relation between the board of director composition and financial fraud. The Accounting Review 71 (2): 443–65.
Beasley, M., J. Carcello, D. Hermanson, and T. Neal. 2009. The AC oversight process. Contemporary Accounting Research 26 (1): 65–122.
Beck, M.J. and E.G. Mauldin. 2014. Who’s really in charge? Audit committee versus CFO power and audit fees. The Accounting Review 89 (6): 2057-2085.
Bedard, J.C., S.M. Chtourou, and L. Courtean. 2004. The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory 23 (2): 13–35.
Bedard, J. C. and K. M. Johnstone. 2004. Earnings manipulation risk, corporate governance risk, and auditors’ planning and pricing decisions. The Accounting Review 79 (2): 277-304.
Bell, T., W. Landsman, and D. Shackelford. 2001. Auditors’ perceived business risk and audit fees: Analysis and evidence. Journal of Accounting Research 39 (1): 35-43.
Beatty, R. 1993. The economic determinants of auditor compensation in the initial public offerings market. Journal of Accounting Research 31(Autumn): 294-302.
Brown, L. and Y-J. Lee. 2007. The determinants and consequences of changes in executive option-based compensation around the issuance of SFAS 123R. Working Paper. Temple University.
Bruyneels, L. and E. Cardinaels. 2014. The audit committee: Management watchdog or personal friend of the CEO. The Accounting Review 89 (1): 113–145.
Campbell, J. L., J. Hansen, C. A. Simon, and J. L. Smith. 2015. Audit committee stock options and financial reporting quality after the Sarbanes-Oxley Act of 2002. Auditing: A Journal of Practice and Theory 34 (2): 91-12.
Caramanis, C. and C. Lennox. 2008. Audit effort and earnings management. Journal of Accounting and Economics 45 (1):116–138.
Carcello, J., D. Hermanson, T. Neal, and R. Riley. 2002. Board characteristics and audit fees. Contemporary Accounting Research 19 (1): 365–384.
Carcello, J. V., T.L. Neal, Z-V Palmrose, and S. Scholz. 2011a. CEO involvement in selecting board members, AC effectiveness, and restatements. Contemporary Accounting Research 28: 396-430.
Carcello, J. V., D.R. Hermanson, and Z. Ye. 2011b. Corporate governance research in accounting and auditing: Insights, practice implications, and future research directions. Auditing: A Journal of Practice & Theory 30 (3): 1–31.
Carpenter, J. 2000. Does Option Compensation Increase Managerial Risk Appetite? The Journal of Finance 55 (5):2311–31.
Chan, L.H., K.C. Chen, T.Y. Chen, and Y. Yu. 2012. The effects of firm-initiated clawback provisions on earnings quality and auditor`s behavior. Journal of Accounting and Economics 54 (2-3): 180-196.
Chan, A. M. Y., G. Liu, and J. Sun. 2013. Independent audit committee members’ board tenure and audit fees. Accounting and Finance 53: 1129–1147.
Chandar, N., H. Chang, and X. Zheng. 2008. Does overlapping membership on audit and compensation committees improve a firm’s financial reporting quality? Working paper, Drexel University.
Choi, J.-H., J.-B. Kim, X. Liu, and D. Simunic. 2008. Audit pricing, legal liability regimes, and Big 4 premiums: Theory and cross-country evidence. Contemporary Accounting Research 25 (1): 55-99.
Choi, J.-H., J.-B. Kim, and Y. Zang. 2010. Do abnormally high audit fees impair audit quality? Auditing: A Journal of Practice & Theory 29 (2): 115–40.
Coles, J.L., N.D. Daniel, and L. Naveen. 2013. Calculation of Compensation Incentives and Firm-related Wealth using Execucomp: Data, Program, and Explanation. Working Paper, Arizona State University.
Core, J.E. and R.W. Guay. 2002. Estimating the value of employee stock option portfolios and their sensitivities to price and volatility. Journal of Accounting Research 40 (3): 613–30.
Core, J.E., R.W. Guay, and R.E. Verrecchia. 2003. Price versus non-price performance measures in optimal CEO compensation contracts. The Accounting Review 78 (4): 957-981.
Craswell, A.T. and J.R. Francis. 1999. Pricing initial audit engagements: A test of competing theories. The Accounting Review 74 (2): 201-216.
Dalton, D.R., C.M. Daily, T. Certo, and R. Roengpitya. 2003. Meta-analyses of financial performance and equity: Fusion or confusion? Academy of Management Journal 46 (1): 13-26.
Dechow, P.M. and I.D. Dichev. 2002. The quality of accruals and earnings: The role of accrual estimation errors. The Accounting Review 77 (supplement): 35-59.
DeFond, M. and J.Y. Zhang. 2014. A review of archival auditing research. Journal of Accounting and Economics 58 (2-3): 275-326.
Doyle, J., W. Ge, and S. McVay. 2007. Accruals quality and internal control over financial reporting. Journal of Accounting and Economics 82 (5): 1141–70.
Engel, E., R. Hayes, and X. Wang. 2010. Audit committee compensation and the demand for monitoring of the financial reporting process. Journal of Accounting and Economics 49 (1/2): 136–54.
Ettredge, M. L., C. Li, and L. Sun. 2006. The impact of SOX Section 404 internal control quality assessment on audit delay in the SOX era. Auditing: A Journal of Practice & Theory 25 (2): 1-23.
Ezzamel, M. and R. Watson. 1997. Wearing two hats: The conflicting control and management roles of non-executive directors. In K. Keasey, S. Thompson and M. Wright (eds.), Corporate Governance: Economic, Management and Financial Issues. Oxford University Press.
Fama, E. F. 1980. Agency problems and the theory of the firm. The Journal of Political Economy 88 (2): 288-307.
Fama, E. F. and Jensen, M. C. 1983, Separation of ownership and control. Journal of Law and Economics 26 (2): 301–25.
Finkelstein, S. 1992. Power in top management teams: Dimensions, measurement, and validation. Academy of Management Journal 35: 505-538.
Francis, J.R. and D. Simon. 1987. A test of audit pricing in the small-client segment of the U.S. audit market. The Accounting Review 62 (1): 145-157.
Francis, J., K. Reichelt, and D. Wang. 2005. The Pricing of National and City-Specific Reputations for Industry Expertise in the U.S. Audit Market. The Accounting Review 80 (1): 113-136.
Gerakos, J. and C. Syverson. 2015. Competition in the audit market: Policy implications. Journal of Accounting Research 53 (4): 725–775.
Gerety, M., and K. Lehn. 1997. The causes and consequences of financial fraud. Managerial and Decision Economics 18 (7/8): 587-99.
Gordon, D.E. 2016. Facebook Settlement: Litigation Over Director Compensation. Harvard Law School Forum on Corporate Governance and Financial Regulation (website: https://corpgov.law.harvard.edu/2016/03/10/facebook-settlement-litigation-over-director-compensation/).
Hanlon, M., S. Rajgopal, and T. Shevlin. 2003. Are executive stock options associated with future earnings? Journal of Accounting and Economics 36 (1-3): 3-43.
Hay, D., W. Knechel, and N. Wong. 2006. Audit fees: A meta-analysis of the effect of demand and supply attributes. Contemporary Accounting Research 23 (1): 141-191.
Hillman, A.J. and T. Dalziel. 2003. Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Journal 28 (3): 383-396.
Hogan, C.E. and M.S. Wilkins. 2008. Evidence on the audit risk model: Do auditors increase audit fees in the presence of internal control deficiencies? Contemporary Accounting Research 25 (1): 219-242.
Hoitash, U., and R. Hoitash. 2009. Conflicting objectives within the board: Evidence from overlapping audit and compensation committee members. Group Decision and Negotiation 18 (1): 57–73.
Jayaraman, S. and T. Milbourn. 2009. Does equity-based CEO compensation really increase litigation risk? Working Paper. Washington University at St. Louis.
Jensen, M.C and R.S. Ruback. 1983. The market for corporate control: The scientific evidence. Journal of Financial Economics 11 (1/4): 5-50.
Johnstone, K. and J.C. Bedard. 2001. Engagement planning, bid pricing and client response: The effects of risk and market context in initial attest engagements. The Accounting Review 76 (2): 199-220.
Johnstone, K. M. and J.C. Bedard. 2004. Audit Firm Portfolio Management Decisions. Journal of Accounting Research 42 (September): 659-690.
Kadan, O. and J.M. Swinkels. 2008. Stocks or options? Moral hazard, firm viability, and the design of compensation contracts. Review of Financial Studies 21 (1): 451-482.
Kothari, S. P., A. J. Leone, and C. E. Wasley. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics 39 (1): 163-197.
Keune, M.B. and K.M. Johnstone. 2015. Audit committee incentives and the resolution of detected misstatements. Auditing: A Journal of Practice & Theory 34 (4): 109-137.
Kim, I. and D.J. Skinner. 2012. Measuring securities litigation risk. Journal of Accounting and Economics 53 (1–2): 290-310.
Kim, Y., H. Li, and S. Li. 2015. CEO equity incentives and audit fees. Contemporary Accounting Research 32 (2): 608-638.
Kinney, W. R., Jr., and R. Libby. 2002. Discussion of the relation between auditors’ fees for nonaudit services and earnings management. The Accounting Review 77 (Supplement): 107-14.
Knechel, W.R., and J. Payne, J. 2001. Additional evidence on audit report lag. Auditing: A Journal of Practice & Theory 20 (1): 137-146.
Knechel, W.R. and M. Willekens. 2006. The role of risk management and governance in determining audit demand. Journal of Business Finance & Accounting 33 (9–10): 1344-1367.
Krishnan, G. and G. Visvanathan. 2008. Does the SOX definition of an accounting expert matter? The association between audit committee directors’ accounting expertise and accounting conservatism. Contemporary Accounting Research 25 (3): 827-857.
Lambert, R.A. 2001. Contracting theory and accounting. Journal of Accounting and Economics 32 (1-3): 3-87.
Lambert, R.A., C. Leuz, and R.E. Verrecchia. 2007. Accounting information, disclosure, and the cost of capital. Journal of Accounting Research 45 (2): 385-420.
Laux, C and V. Laux. 2009. Board committees, CEO compensation, and earnings management. The Accounting Review 84 (3): 869-91.
Lee, H. Y., and V. Mande. 2005. The relationship of AC characteristics with endogenously determined audit and non-audit fees. Quarterly Journal of Finance and Accounting 44 (1): 93-112.
Lennox, C., and C. Park. 2007. Audit firm appointments, audit firm alumni, and AC independence. Contemporary Accounting Research 24 (1): 235-58.
Lev, B. and T. Sougiannis. 1996. The capitalization, amortization and value-relevance of R&D. Journal of Accounting and Economics 21 (1): 107-38.
Lim, C. and H. Tan. 2008. Non-audit service fees and audit quality: The impact of auditor specialization. Journal of Accounting Research 46 (1): 199-246.
Magee, R.P. and M.C. Tseng. 1990. Audit pricing and independence. The Accounting Review 65 (2): 315-336.
Magilke, M., W. Mayhew, and J. Pike. 2009. Are independent audit-committee members objective? Experimental evidence. The Accounting Review 84 (6):1959-81.
Menon, K. and D.D. Williams. 1994. The insurance hypothesis and market prices. The Accounting Review 69 (2): 327–342.
Menon, K. and D.D. Williams. 2004. Former audit partners and abnormal accruals. The Accounting Review 79 (4): 1095-118.
Menon, K. and D.D. Williams. 2008. Management turnover following auditor resignations. Contemporary Accounting Research 25 (2): 567-604.
Mercer. 2008. The growth in US director compensation has been unaffected by economic slowdown. http://www.mercer.com/press-releases/1321210.
Milgrom, P., and J. Roberts. 1992. Economics, Organizations, and Management. Englewood Cliffs, NJ: Prentice Hall.
Miller, S. 2010. Companies starting to re-examine corporate directors` pay. The SHRM Online Compensation Discipline.
Millstein, I.M. 2002. Oversight hearing on accounting and investor protection issues raised by Enron and other public companies. US Senate Committee on Banking, Housing, and Urban Affairs, Washington, DC.
Monks, R.A. and N. Minow. 2011. Corporate Governance. 5th Edition. John Wiley & Sons.
Naiker, V., and D. Sharma. 2009. Former audit partners on the audit committee and internal control deficiencies. The Accounting Review 84 (2):559-87.
Naiker, V., D.S. Sharma, and V.D. Sharma. 2013. Do former audit firm partners on audit committees procure greater nonaudit services from the auditor? The Accounting Review 88 (1): 297-326.
National Association of Corporate Directors (NACD). 2015. NACD 2014-2015 Director Compensation Report. Washington, DC.
Neter, J. 1996. Applied linear statistical models. McGraw-Hill, Boston, Massachusetts.
Nikolaev, V., and L. Van Lent. 2005. The endogeneity bias in the relation between cost-of-debt capital and corporate disclosure policy. European Accounting Review 14 (4): 677-724.
Nyberg, A.J., I.S. Fulmer, B. Gerhart, and M.A. Carpenter. 2010. Agency theory revisited: CEO returns and shareholder interest alignment. Academy of Management Journal 53 (5): 1029-1049.
Palmrose, Z.V. 1988. An analysis of auditor litigation and audit service quality. The Accounting Review 63 (1): 55-73.
Petersen, M. 2009. Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies 22 (1): 435-480.
Ross, S. 2004. Compensation, incentives, and the duality of risk aversion and riskiness. The Journal of Finance 59 (1):207-25.
Public Oversight Board (POB). 1993. In the public interest: Issues confronting the accounting profession. AICPA, Stamford, CT.
Seetharaman, A., F. Gul, and S. Lynn. 2002. Litigation risk and audit fees: Evidence from UK firms cross-listed on US markets. Journal of Accounting and Economics 33 (1): 1-115.
Sengupta, P. and S. Zhang. 2015. Equity‐based compensation of outside directors and corporate disclosure quality. Contemporary Accounting Research 32 (3): 1073-1098.
Schelleman, C. and W. Knechel. 2010. Short-term accruals and the pricing and production of audit services. Auditing: A Journal of Practice & Theory 29(1): 221-250.
Shleifer A. and R.W. Vishny. 1989. Management entrenchment: The case of managers` specific investments. Journal of Financial Economics 25 (1): 123-139.
Stock, J.H. and M. Yogo. 2004. Testing for weak instruments in linear IV regression. Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg.
Srinivasan, S. 2005. Consequences of financial reporting failure for outside directors: Evidence from accounting restatements and AC members. Journal of Accounting Research 43 (2): 291-334.
Tanyi, P., K. Raghunandan, and A. Barua. 2010. Audit report lags after voluntary and involuntary auditor changes. Accounting Horizons 24 (4): 671-688.
The Wall Street Journal. 2006. Study cites role outside directors had with options. The Wall Street Journal, 18 December, B3.
Tsui, J. S. L., B. Jaggi, and F. A. Gul. 2001. CEO domination, growth opportunities, and their impact on audit fees. Journal of Accounting, Auditing, and Finance 16 (3): 189-208.
Vafeas, N. and J. Waegelein. 2007. The association between audit committees, compensation incentives, and corporate audit fees. Review of Quantitative Finance and Accounting 28 (3): 241-255.
Venkataraman, R., J. Weber, and M. Willenborg. 2008. Litigation risk, Audit quality, and audit fees: Evidence from initial public offerings. The Accounting Review 83 (5): 1315-1345.
Williamson, R. 1984. Living the Sky: The Cosmos of the American Indian. Boston: Houghton Mifflin.
Whisenant, J.S., S. Sankaraguruswamy, and K. Raghunandan. 2003. Evidence on the Joint Determination of Audit and Non-Audit Fees. Journal of Accounting Research 41 (September): 721-744.
Yermack, D. 2004. Remuneration, retention, and reputation incentives for outside directors. The Journal of Finance 99 (5): 2381-2208.
REFERENCES FOR ESSAY 2
Abbot, L.J and S. Park. 2000. Auditor Selection and Audit Committee Characteristics. Auditing: A Journal of Practice and Theory 19(2):47-65.
Adams, R. B. and D. Ferreria. 2009. Do directors perform for pay? Journal of Accounting and Economics 46 (1): 154–71.
Antle, R., Nalebuff, B., 1991. Conservatism and auditor-client negotiations. Journal of Accounting Research 29 (1991): 31-59.
Archambeault, F.T. Dezoort, and D. Hermanson. 2008. Audit committee incentive compensation and accounting restatements. Contemporary Accounting Research 25 (4): 965–92.
Armstrong, C. S., I. D. Gow, and D. F. Larcker. 2013. The efficacy of shareholder voting: Evidence from equity compensation plans. Journal of Accounting Research 51(5): 909–950.
Balsam, S., J. Krishnan, and J. S. Yang. 2003. Auditor industry specialization and earnings quality. Auditing: A Journal of Practice & Theory 22 (2): 71–97.
Barrier, M. 2002. The compensation balance. Internal Auditor 59 (3): 42–47.
Beasley, M. S. 1996. An empirical analysis of the relation between the board of director composition and financial fraud. The Accounting Review 71 (2): 443–65.
Becker, C.L., M.L. Defond, J. Jiambalvo, and K.R. Subramanyam. 1998. The effect of audit quality on earning management. Contemporary Accounting Research, 15(1): 1-24.
Bedard, J.C., S.M. Chtourou, and L. Courtean. 2004. The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory 23 (2): 13–35.
Bergstresser, D. and T. Philippon. 2006. CEO incentives and earnings management. Journal of Financial Economics 80 (3): 511-529.
Brown, L. and Y-J. Lee. 2007. The determinants and consequences of changes in executive option-based compensation around the issuance of SFAS 123R. Working Paper. Temple University.
Burns, N., and S. Kedia, 2006, The impact of performance-based compensation on misreporting. Journal of Financial Economics, 79: 35–67.
Campbell, J. L., J. Hansen, C. A. Simon, and J. L. Smith. 2015. Audit committee stock options and financial reporting quality after the Sarbanes-Oxley Act of 2002. Auditing: A Journal of Practice and Theory 34 (2): 91-12.
Carcello, J. V., and A. L. Nagy. 2004. Client size, auditor specialization and fraudulent financial reporting. Managerial Auditing Journal 19 (5): 651–668.
Carcello, J. V., and T. L. Neal. 2000. Audit committee composition and auditor reporting. The Accounting Review 75 (4): 453–467.
Carcello, J. V., and T. L. Neal. 2003. Audit Committee Characteristics and Auditor Dismissals following “New” Going‐Concern Reports. The Accounting Review:78 (1): 95-117.
Carver, B. T., C. W. Hollingsworth, and J. D. Stanley. 2011. Recent Auditor Downgrade Activity and Changes in Clients` Discretionary Accruals. AUDITING: A Journal of Practice & Theory 30 (3):33-58.
Chandar, N., H. Chang, and X. Zheng. 2008. Does overlapping membership on audit and compensation committees improve a firm’s financial reporting quality? Working paper, Drexel University.
Chow, C., and S. Rice. 1982. Qualified Audit Opinions and Auditor Switching. The Accounting Review 57(2): 326-335.
Chung, H., and S. Kallapur. 2003. Client Importance, Non-audit Services, and Abnormal Accruals. The Accounting Review 78 (4): 931-955.
Core, J.E. and R.W. Guay. 2002. Estimating the value of employee stock option portfolios and their sensitivities to price and volatility. Journal of Accounting Research 40 (3): 613–30.
Core, J.E., R.W. Guay, and R.E. Verrecchia. 2003. Price versus non-price performance measures in optimal CEO compensation contracts. The Accounting Review 78 (4): 957-981.
Craswell, A. T. 1988. The association between qualified opinions and auditor switches. Accounting and Business Research 19 (73): 23-31.
Dalton, D.R., C.M. Daily, T. Certo, and R. Roengpitya. 2003. Meta-analyses of financial performance and equity: Fusion or confusion? Academy of Management Journal 46 (1): 13-26.
Davidson, W. N., P. Jiraporn, and P. Dadalt. 2006. Causes and Consequences of Audit Shopping: An Analysis of Auditor Opinions, Earnings Management, and Auditor Changes. Quarterly Journal of Business and Economics 45(1/2): 69-87
Davis, L. R., B. S. Soo, and G. M. Trompeter. 2009. Auditor Tenure and the Ability to Meet or Beat Earnings Forecasts. Contemporary Accounting Research 26(2): 517–48.
DeFond, M.L., and K.R. Subramanyam. 1998. Auditor Changes and Discretionary Accruals. Journal of Accounting and Economics 25 (1):35-67.
DeFond, M. and J.Y. Zhang. 2014. A review of archival auditing research. Journal of Accounting and Economics 58 (2-3): 275-326.
Dhaliwal, D.S., P.T. Lamoreaux, C.S. Lennox and L.M. Mauler. 2015. Management Influence on Auditor Selection and Subsequent Impairments of Auditor Independence during the Post-SOX Period. Contemporary Accounting Research 32(2): 575–607
Dunn, K. A., and B. W. Mayhew. 2004. Audit firm industry specialization and client disclosure quality. Review of Accounting Studies 9 (1): 35–58.
Dye, R., 1991. Informationally motivated auditor replacement. Journal of Accounting and Economics 14(4): 347-374.
Engel, E., R. Hayes, and X. Wang. 2010. Audit committee compensation and the demand for monitoring of the financial reporting process. Journal of Accounting and Economics 49 (1/2): 136–54.
Fama, E. F. and Jensen, M. C. 1983, Separation of ownership and control. Journal of Law and Economics 26 (2): 301–25.
Ferguson, A., J. R. Francis and D. J. Stokes. 2003. The effects of firm-wide and office level industry expertise on audit pricing. The Accounting Review 78 (2): 429-449.
Francis, J., K. Reichelt, and D. Wang. 2005. The Pricing of National and City-Specific Reputations for Industry Expertise in the U.S. Audit Market. The Accounting Review 80 (1): 113-136.
Francis, J. and Yu, M.D. 2009. Big 4 Office Size and Audit Quality. The Accounting Review 84 (5): 1521-1552.
Geiger, M., K. Raghunandan, and D. V. Rama. 1998. Costs associated with going-concern modified audit opinions: An analysis of auditor changes, subsequent opinions, and client failures. Advances in Accounting 16(1): 117-139
Gul, F. A., S. Y. T. Fung, and B. Jaggi. 2009. Earnings quality: Some evidence on the role of auditor tenure and auditors’ industry expertise. Journal of Accounting and Economics 47: 265–287.
Gunny, K., G. Krishnan, and T. Zhang. 2007. Is Audit Quality Associated with Auditor Tenure, Industry Expertise, and Fees? Evidence from PCAOB Opinions. Working paper, University of Colorado Boulder.
Higgs Report (2003), Review of the Role and Effectiveness of Non-executive Directors, London, Department of Trade and Industry
Hillman, A.J. and T. Dalziel. 2003. Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Journal 28 (3): 383-396.
Hogan, C. E., and D. C. Jeter. 1999. Industry specialization by auditors. Auditing: A Journal of Practice & Theory 18 (1): 1–17.
Hoitash, U., and R. Hoitash. 2009. Conflicting objectives within the board: Evidence from overlapping audit and compensation committee members. Group Decision and Negotiation 18 (1): 57–73.
Jensen, M.C and R.S. Ruback. 1983. The market for corporate control: The scientific evidence. Journal of Financial Economics 11 (1/4): 5-50.
Johnson, V. E., I. K. Khurana, and J. K. Reynolds. 2002. Audit-firm tenure and the quality of financial reports. Contemporary Accounting Research 19(4): 637-660.
Keune, M.B. and K.M. Johnstone. 2015. Audit committee incentives and the resolution of detected misstatements. Auditing: A Journal of Practice & Theory 34 (4): 109-137.
Kim, I. and D.J. Skinner. 2012. Measuring securities litigation risk. Journal of Accounting and Economics 53 (1–2): 290-310.
Kim, J.-B., R. Chung, and M. Firth. 2003. Auditor conservatism, asymmetric monitoring and earnings management. Contemporary Accounting Research 20 (2): 323-359.
Kim, Y., Li, H. and Li, S. (2015), CEO Equity Incentives and Audit Fees. Contemporary Accounting Research 32: 608-638.
Knechel, W. R., V. Naiker, and G. Pacheco. 2007. Does auditor industry specialization matter? Evidence from market reaction to auditor switches. Auditing: A Journal of Practice & Theory 26 (1): 19–45.
Krishnan, G. 2003. Does Big 6 Auditor Industry Expertise Constrain Earnings Management? Accounting Horizons 17: 1–16.
Krishnan, G. 2005. The association between Big 6 auditor industry expertise and the asymmetric timeliness of earnings. Journal of Accounting, Auditing & Finance 20 (3): 209–228.
Kwon, S. Y., C. Y. Lim, and P. M. Tan. 2007. Legal systems and earnings quality: The role of auditor industry specialization. Auditing: A Journal of Practice & Theory 26 (2): 25–55.
Lambert, R.A. 2001. Contracting theory and accounting. Journal of Accounting and Economics 32 (1-3): 3-87.
Lambert, R.A., C. Leuz, and R.E. Verrecchia. 2007. Accounting information, disclosure, and the cost of capital. Journal of Accounting Research 45 (2): 385-420.
Laux, C and V. Laux. 2009. Board committees, CEO compensation, and earnings management. The Accounting Review 84 (3): 869-91.
Lim, C. Y. and H. T. Tan. 2008. Non-audit service fees and audit quality: The impact of auditor specialization. Journal of Accounting Research 46: 199-246.
Lu, T. 2006. Does opinion shopping impair auditor independence and audit quality? Journal of Accounting Research 44 (3): 561–583.
Lys, T. and R. L. Watts. 1994. Lawsuits against auditors. Journal of Accounting Research 32:65-93.
Magee, R., Tseng, M., 1990. Audit pricing and independence. The Accounting Review 65(2): 315-336.
Magilke, M., W. Mayhew, and J. Pike. 2009. Are independent audit committee members objective? Experimental evidence. The Accounting Review 84 (6):1959-81.
Mayhew, B. W., and M. S. Wilkins. 2003. Audit firm industry specialization as a differentiation strategy: Evidence from fees charged to firms going public. Auditing: A Journal of Practice & Theory 22 (2): 33–52.
Mercer. 2008. The growth in US director compensation has been unaffected by economic slowdown. http://www.mercer.com/press-releases/1321210.
Miller, S. 2010. Companies starting to re-examine corporate directors` pay. The SHRM Online Compensation Discipline.
Millstein, I.M. 2002. Oversight hearing on accounting and investor protection issues raised by Enron and other public companies. US Senate Committee on Banking, Housing, and Urban Affairs, Washington, DC.
Monks, R.A. and N. Minow. 2011. Corporate Governance. 5th Edition. John Wiley & Sons.
Mutchler, J. F. 1984. Auditors` perceptions of the going-concern opinion decision. Auditing: A Journal of Practice & Theory 3 (2): 17-30
Myers, J., L. A. Myers, and T. C. Omer. 2003. Exploring the Term of the Auditor-client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation? The Accounting Review 78(3): 779–99.
Naiker, V., and D. Sharma. 2009. Former audit partners on the audit committee and internal control deficiencies. The Accounting Review 84 (2):559-87.
Naiker, V., D.S. Sharma, and V.D. Sharma. 2013. Do former audit firm partners on audit committees procure greater nonaudit services from the auditor? The Accounting Review 88 (1): 297-326.
National Association of Corporate Directors (NACD). 2015. NACD 2014-2015 Director Compensation Report. Washington, DC.
Nyberg, A.J., I.S. Fulmer, B. Gerhart, and M.A. Carpenter. 2010. Agency theory revisited: CEO returns and shareholder interest alignment. Academy of Management Journal 53 (5): 1029-1049.
Owhoso, V. E., W. F. Messier, and J. G. Lynch, Jr. 2002. Error detection by industry-specialized teams during sequential audit review. Journal of Accounting Research 40 (3): 883–900.
Petersen, M. 2009. Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies 22 (1): 435-480.
Reichelt, K. J., and D. Wang. 2010. National and office-specific measures of auditor industry expertise and effects on audit quality. Journal of Accounting Research, 48(3), 647-686.
Sengupta, P. and S. Zhang. 2015. Equity‐based compensation of outside directors and corporate disclosure quality. Contemporary Accounting Research 32 (3): 1073-1098.
Shleifer A. and R.W. Vishny. 1989. Management entrenchment: The case of managers` specific investments. Journal of Financial Economics 25 (1): 123-139.
Solomon, I., M. D. Shields, and O. R. Whittington. 1999. What do industry-specialist auditors know? Journal of Accounting Research 37 (1): 191–208.
Taub, S. 2005. Board pay surges by double digits. CEO.com, October 3. http://www.cfo.com.
The Wall Street Journal. 2006. Study cites role outside directors had with options. The Wall Street Journal, 18 December, B3.
Whisenant, S., S. Sankaraguruswamy and K. Raghunandan. 2003. Evidence on the Joint Determination of Audit and Non-audit Fees”, Journal of Accounting Research, 41(4): 721-744.
Williamson, R. 1984. Living the Sky: The Cosmos of the American Indian. Boston: Houghton Mifflin.
Winikoff, E. 2006. Director Compensation: NASDAQ 100 vs. NYSE 100. Frederic W. Cook & Co., Inc. |
