Due to the Sarbanes-Oxley Act (SOX), new rules that require independent directors on corporate boards and committees are likely to create overlapping board structures (when a director serves on more than one committee). The purpose of this study is to examine the effects of independent and...

We examine firm characteristics of early adoption of international financial reporting standards (IFRS) including company's value, business complexity, corporate governance characteristics, and national levels of bureaucratic formalities in business. Because early adopters benefit from a...

I examine the reputation and regulatory effects on the directors' turnover and their directorships when firms are accused of fraudulent financial reporting (FR). The results show that the directors at FR firms incur reputation costs from abnormal turnover in relation to the directors at non-FR...

I examine CEOs' and CFOs' forced resignations after violations of the Foreign Corruption Practices Act (FCPA). My findings show that firms that adhere to the FCPA (FCPA firms) discipline CEOs and CFOs after violations of the act. Further, CEOs and CFOs are likely to resign after the SEC...

A firm meets or beats expectations when it reports earnings that are at or above the consensus analysts' forecast. We argue that two types of firms MBE: strong firms who commit to future performance and signal future earnings by MBE, and weak firms who attempt to mimic strong firms by managing...