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Purpose: The purpose of this study is to examine whether independent directors' financial expertise affects the use of private information in setting bank chief executive officer (CEO) bonuses. Design/methodology/approach: The association between future firm performance and bank CEO bonuses is...
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Purpose: The purpose of this study is to examine whether firm-specific litigation risk affects independent director conservatism in the oversight of financial reporting. Design/methodology/approach: This study considers the enactment of Sarbanes–Oxley Act and the main US stock exchanges'...
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