We apply voting theory to the context of audit committees and examine how the even-odd nature of audit committees is related to earnings quality. We hypothesize that an audit committee with an odd number of directors can improve the committee's voting efficiency by better aggregating directors'...

We present evidence that managers consider employee turnover likelihood in their accounting choices. Our tests exploit U.S. state courts' staggered recognition of the Inevitable Disclosure Doctrine (IDD), which reduces employees' ability to switch employers. We find a significant decrease in...