作者：Archambeault, Deborah S.; Dezoort, F. Todd; Hermanson, Dana R.
作者单位：University of Tennessee System; University of Tennessee at Chattanooga; University of Alabama System; University of Alabama Tuscaloosa; University System of Georgia; Kennesaw State University
摘要：This study investigates whether incentive-based compensation for audit committee members is associated with accounting restatements. We use an agency framework to predict that short-term (long-term) incentive compensation for audit committee members will increase (decrease) the likelihood of accounting restatements due to error or fraud. Using a matched-sample logistic regression with 153 restatement and 153 nonrestatement companies, we find the predicted positive relation between short-term i...
作者：Balakrishnan, Ramji; Gruca, Thomas S.
作者单位：University of Iowa
作者：Laksmana, Indrarini
作者单位：University System of Ohio; Kent State University; Kent State University Kent; Kent State University Salem
摘要：This study examines whether certain board and compensation committee characteristics, as proxies for board governance quality, are associated with the extent of board disclosure of executive compensation practices. A unique feature of this study is the development of a disclosure index using 23 compensation-related disclosures. I validate this index by showing that the disclosure scores are inversely related to two measures of information asymmetry: bid-ask spread and return volatility. This p...
