1,727,865 research outputs found
Audit Committee Chair Characteristics, Capital Structure, And Real Earnings Management
No full textMy dissertation consists of two essays. The first part of my dissertation empirically examines the relationship between female audit committee chair characteristics and real earnings management using different proxies of real earnings management. The different proxies for real earnings management are based on prior studies by Roychowdhury (2006). Findings from my first essay shows that the presence of a female chair characteristics on the audit committee constrains real earnings management. I find that female chair with prior auditor experience is significant for abnormal production. Specifically, I find that the presence of female audit committee chair with prior auditor experience reduces abnormal production. Similarly, I find that the presence of female audit committee chair, and chair with prior auditor experience is significant for abnormal discretionary expenses. I also find female audit committee chair significant for abnormal cash flow from operations. Specifically, firms with female audit committee chair, and chair with prior auditor experiences have higher abnormal discretionary expenses. Likewise, firms having female as an audit committee chair have higher abnormal cash flow from operations. This shows that audit committee chair characteristics plays an important role in constraining real earnings management. In the second part of my dissertation, I empirically test to see if there is an association between the presence of female audit committee chair characteristics and capital structure. Findings from my second essay shows no significance between audit committee chair characteristics and capital structure
Audit Committee Chair Characteristics and Real Earnings Management
Full text linkWe examine the relationship between male versus female audit committee chair characteristics and real earnings management (REM). REM occurs when the firm deviates from its normal operations because managers wish to misrepresent true performance. We find that a female audit committee chair and a chair with prior auditor experience, regardless of gender, are both associated with lower REM and thus greater financial statement transparency for investors. Overall, the findings support the ideas that (1) a female audit committee chair and (2) an older audit committee chair, regardless of gender, promote financial statement transparency
Male versus Female Audit Committee Chair Characteristics and Capital Structure
No full textThe purpose of this paper is to examine whether the audit committee chair characteristics influence the capital structure of the firm. Audit committees play a significant role in promoting the accuracy of financial statements on which the investors rely. I empirically test to see if there is an association between the presence of female audit committee chair characteristics and capital structure. Findings show no significance between audit committee chair characteristics and capital structure. However, I find a positive association between audit committee size and capital structure which shows that firms with large audit committees are associated with more debt
Board Committee Chair Variance Decomposition Analysis Script
No full textThis script and related data support the analyses in Kolev, Schepker, Wangrow, and Barker (2023) in the Journal of Management.This script includes all code needed to run variance decomposition analyses for board committee chair effects. </p
Role of the Audit Committee Chair in the Financial Reporting Process
Full text linkIn my dissertation, I examine the role of the audit committee chair in the financial reporting process and test if the change in audit committee chair is associated with changes in audit fees, audit report lag, and audit quality. Motivation for this dissertation comes from the increased attention paid by legislators and regulators in recent years on the role of the audit committee in the financial reporting process. While prior studies have examined diverse issues related to the composition of the audit committee, no prior study has examined the role of the audit committee chair on the oversight of financial reporting, even though the chair of the committee has significant control over the functioning of the committee.
In the first essay of my dissertation, I show that audit fees are higher in firms that have a change in the audit committee chair. In the second essay, I examine the association between changes in the audit committee chair and audit report lag. In a changes regression, I find that the change in audit committee is associated with higher audit report lag. The third essay examines the association between changes in audit committee chair and two different measures of audit quality: restatements and abnormal accruals. There is no evidence in support of the argument that changes in audit committee chair is associated with higher quality financial reporting. Overall, the results suggest that the change in audit committee chair has an important impact on the financial reporting process of public companies
Mary Bruce Named Pi Alpha Alpha Steering Committee Chair
Full text linkGovernors State University Professor Mary D. Bruce was recently named new Steering Committee Chair of Pi Alpha Alpha (PAA), the global honor society for public affairs & administration during the Network of Schools of Public Policy, Affairs, and Administration (NASPAA) Conference
An Examination of the Effects of Change in Committee Chair on Audit Quality
No full textThis study uses GMI Ratings directorship data from 2008 to 2013 along with the associated financial data to examine the relationship between audit committee chair change with the absolute discretionary accruals in the financial statements of the reporting companies. Our results suggest that audit committee chair change is positively associated with the absolute discretionary accruals. Specifically, absolute discretionary accruals are significantly higher when there is a change in the audit committee chair. These results are consistent with prior research that deviations from the predicted values of accruals is an indicator of “poor” audit quality. An additional finding of this paper is that a person younger than 60 is more likely to be a new audit committee chair when there is a change and therefore will have less experience and contacts than the outgoing chair. An important implication of these results is that audit committee chair change can have a significant impact on the quality of the financial statements of a company as well as on the audit quality.</jats:p
Audit Committee chair characteristics and Earnings Management : Evidence from the UK
No full textThe primary objective of this study is to examine the impact of audit committee chair characteristics on earnings management. Previous studies have paid little attention to the audit committee chair characteristics and their effect on earnings management. The audit committee chair’s role is significantly essential to increase the ability of the audit committee to carry out their responsibilities effectively and drive the work of the audit committee (Ghafran & Yasmin, 2018). The audit committee chair has a greater responsibility than other members in the audit committee regarding the failure of the financial report (Ghafran & Yasmin, 2018). Thus, the chair of the audit committee plays a significant role in influencing the quality of financial reporting. However, previous audit committee researches do not distinguish the audit committee chair’s characteristics from other audit committee members. Thus, this study goes further to highlight the audit committee chair using a sample selected from the FTSE 350 firms listed on the London Stock Exchange over the period 2000 - 2015. This study measures earnings management using accrual and real earnings management based, the results show that audit committee chair age, social networking and industry are positively associated with earnings management. However, audit committee chair tenure, pre-tenure, education, non-foreign and accounting and finance expertise have significant adverse effects on the level of earnings management.Based on real earnings measurement, the findings show that tenure, pre-tenure, accounting and finance experience and non-foreign are significantly and negatively associated with earnings management. However, social networking and education are significantly and positively associated with earnings management. These findings consequently contribute to existing literature and policymaking by enabling the UK and other countries that have a similar environment to make better decisions regarding audit committee chiar by considering the characteristics of the audit committee when issuing audit committee regulations to improve the effectiveness of this committee and thereby, firms’ financial reporting
Audit Committee chair characteristics and Earnings Management : Evidence from the UK
Full text linkThe primary objective of this study is to examine the impact of audit committee chair characteristics on earnings management. Previous studies have paid little attention to the audit committee chair characteristics and their effect on earnings management. The audit committee chair’s role is significantly essential to increase the ability of the audit committee to carry out their responsibilities effectively and drive the work of the audit committee (Ghafran & Yasmin, 2018). The audit committee chair has a greater responsibility than other members in the audit committee regarding the failure of the financial report (Ghafran & Yasmin, 2018). Thus, the chair of the audit committee plays a significant role in influencing the quality of financial reporting. However, previous audit committee researches do not distinguish the audit committee chair’s characteristics from other audit committee members. Thus, this study goes further to highlight the audit committee chair using a sample selected from the FTSE 350 firms listed on the London Stock Exchange over the period 2000 - 2015. This study measures earnings management using accrual and real earnings management based, the results show that audit committee chair age, social networking and industry are positively associated with earnings management. However, audit committee chair tenure, pre-tenure, education, non-foreign and accounting and finance expertise have significant adverse effects on the level of earnings management.Based on real earnings measurement, the findings show that tenure, pre-tenure, accounting and finance experience and non-foreign are significantly and negatively associated with earnings management. However, social networking and education are significantly and positively associated with earnings management. These findings consequently contribute to existing literature and policymaking by enabling the UK and other countries that have a similar environment to make better decisions regarding audit committee chiar by considering the characteristics of the audit committee when issuing audit committee regulations to improve the effectiveness of this committee and thereby, firms’ financial reporting
Committee chair selection under high informational and organizational constraints
Full text linkThis article draws on major theories of committee organization to explain committee chair selection in contexts with high informational and organizational constraints. We test our theoretical expectations through a series of fixed effects conditional logit models ran on an original data set which includes all legislators who have served in the Romanian Chamber of Deputies from 1992 to 2012. The findings indicate that sector knowledge matters more for committee chair selection in the first post-communist terms, while chair seniority and party credentials acquire relevance later on. The effect of sector knowledge is stronger than that of chair seniority for the committees that the members of parliament perceive to be the most important, while party leaders have privileged access to the chair position irrespective of how salient the committee is
- …
