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Full-Text Articles in Business
Generalist Ceos And Audit Pricing, Zhiming Ma, Rencheng Wang, Kaitang Zhou
Generalist Ceos And Audit Pricing, Zhiming Ma, Rencheng Wang, Kaitang Zhou
Research Collection School Of Accountancy
We analyze the consequences of a firm hiring a generalist CEO in terms of the audit fees paid by the firm. We find that audit fees of clients with generalist CEOs are higher than those of clients with specialist CEOs. This relation is robust to considering managerial ability, other CEO characteristics, various fixed effects, instrumental variables, and change analyses. We further show that fee differences are larger for firms with weaker monitoring and higher corporate litigation risks. Through path analysis, we find that both client business risk and misreporting risk contribute to the fee difference. Finally, we find that auditors …
Corporate Governance And Stock Price Crash Risk: Evidence From Uk Panel Data, Valentina Tarkovska
Corporate Governance And Stock Price Crash Risk: Evidence From Uk Panel Data, Valentina Tarkovska
Other resources
No abstract provided.
Ceo Pay Slice And Firm Value: Evidence From Uk Panel Data, Valentina Tarkovska
Ceo Pay Slice And Firm Value: Evidence From Uk Panel Data, Valentina Tarkovska
Other resources
No abstract provided.
Determinants Of Corporate Cash Holdings, Yun Lai (William) Li
Determinants Of Corporate Cash Holdings, Yun Lai (William) Li
CMC Senior Theses
The paper explores the driving forces behind corporate cash holdings by analyzing past literature and extending this research to the behavior of firms after the 2008 recession. I look at the cash to assets and net debt to assets ratios from October 1980 to October 2011 to obtain an understanding of the past and current state of cash holdings. A comprehensive literature review is done on agency costs and transactional motives to give the reader an overview of the costs and benefits of holding cash. This provides the foundation for the precautionary motives for companies today to keep cash as …