An analysis of a proprietary dataset reveals that non-trivial proportions of directors, Chief Executive Officers (CEOs) and Chief Financial Officers in Swedish listed companies have been convicted or suspected of crimes. Based on prior literature, we argue that directors and senior executives...

In this paper, we examine if corporate insiders have other motives for trading besides exploitation of private information. Our results show that insiders' portfolio re-balancing objectives, tax considerations and behavioral biases play the most important role in their trading decisions. We also...

Purpose – The purpose of this paper is examine whether agency conflicts between controlling and minority shareholders affect firms' decisions to purchase non‐audit services (NAS). The author examines whether client firms engage separate firms for audit and non‐audit functions, especially...