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The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services
16 references·3 citing·40 second hopsampled
The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services (2005)The Impact of Managerial Ownership on the…Effect of Corporate Governance on Bond Ratings and Yields: The Role of Institutional Investors and Outside Directors* (2003)Effect of Corporate Governanc…Auditor Industry Specialization and Earnings Quality (2003)Auditor Industry Specializati…Understanding the determinants of managerial ownership and the link between ownership and performance: comment (2001)Understanding the determinant…The Role of Big 6 Auditors in the Credible Reporting of Accruals (1999)The Role of Big 6 Auditors in…Industry Specialization by Auditors (1999)Industry Specialization by Au…The Effect of Audit Quality on Earnings Management* (1998)The Effect of Audit Quality o…Shareholder Activism by Institutional Investors: Evidence from CalPERS (1996)Shareholder Activism by Insti…Pension Fund Activism and Firm Performance (1996)Pension Fund Activism and Fir…Managerial ownership, accounting choices, and informativeness of earnings (1995)Managerial ownership, account…Auditor brand name reputations and industry specializations (1995)Auditor brand name reputation…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Management ownership and market valuation (1988)Management ownership and mark…Shark repellents and stock prices (1987)Shark repellents and stock pr…Auditor size and audit quality (1981)Auditor size and audit qualityTheory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Auditing in family firms: Past trends and future research directions (2024)Auditing in family firms: Pas…The takeover market’s effect on managerial ownership: evidence from hostile takeover susceptibility (2022)The takeover market’s effect …Corporate Governance Practices and Earnings Management in Islamic Banking Institutions (2014)Corporate Governance Practice…Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)The Nature of the Firm (1937)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Pricing of Audit Services: Theory and Evidence (1980)Agency Problems and Residual Claims (1983)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Earnings Management During Import Relief Investigations (1991)Do Nonaudit Services Compromise Auditor Independence? Further Evidence (2003)Exploring the Term of the Auditor-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation? (2003)The role of information and financial reporting in corporate governance and debt contracting (2010)Detecting Earnings Management (2012)Positive Accounting Theory (1985)Do Non–Audit Service Fees Impair Auditor Independence? Evidence from Going Concern Audit Opinions (2002)Large Shareholders and Corporate Control (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Disclosure Practices, Institutional Investors, and Stock Return Volatility (2000)Environmental risk management and the cost of capital (2008)Hedge Fund Activism, Corporate Governance, and Firm Performance (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Detecting Earnings Management. (1995)Audit committee, board of director characteristics, and earnings management (2002)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Capital markets research in accounting (2001)Equity Incentives and Earnings Management (2005)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1981Auditor size and audit quality5,862 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1998The Effect of Audit Quality on Earnings Management*3,243 cited
  • 1995Managerial ownership, accounting choices, and informativeness of earnings1,517 cited
  • 1995Auditor brand name reputations and industry specializations1,482 cited
  • 1999The Role of Big 6 Auditors in the Credible Reporting of Accruals1,410 cited
  • 1996Shareholder Activism by Institutional Investors: Evidence from CalPERS1,291 cited
  • 2003Auditor Industry Specialization and Earnings Quality1,206 cited
  • 2003Effect of Corporate Governance on Bond Ratings and Yields: The Role of Institutional Investors and Outside Directors*1,193 cited
  • 2001Understanding the determinants of managerial ownership and the link between ownership and performance: comment690 cited
  • 1996Pension Fund Activism and Firm Performance636 cited
  • 1987Shark repellents and stock prices

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407 cited
  • 1999Industry Specialization by Auditors376 cited
  • Cited by

    • 2024Auditing in family firms: Past trends and future research directions28 cited
    • 2014Corporate Governance Practices and Earnings Management in Islamic Banking Institutions18 cited
    • 2022The takeover market’s effect on managerial ownership: evidence from hostile takeover susceptibility17 cited