Audit committee compensation and the demand for monitoring of the financial reporting process

被引：122
|
作者：
Engel, Ellen [1 ]
Hayes, Rachel M. [2 ]
Wang, Xue [3 ]
机构：
[1] Univ Chicago, Booth Sch Business, Chicago, IL 60637 USA
[2] Univ Utah, David Eccles Sch Business, Salt Lake City, UT 84112 USA
[3] Emory Univ, Goizueta Business Sch, Atlanta, GA 30322 USA
来源：
JOURNAL OF ACCOUNTING & ECONOMICS | 2010年 / 49卷 / 1-2期
关键词：
Audit committees; Board of director compensation; Audit fees; DIRECTOR COMPENSATION; SERVICES; FIRM; INDEPENDENCE; CONSEQUENCES; RESTATEMENTS; REMUNERATION; BOARDS; FEES;
D O I：
10.1016/j.jacceco.2009.08.001
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the relation between audit committee compensation and the demand for monitoring of the financial reporting process, We find that total compensation and cash retainers paid to audit committees are positively Correlated with audit fees and the impact of the Sarbanes-Oxley Act, Our Proxies for the demand for monitoring. Our results are robust to the inclusion of audit committee quality, measured as the committee chair financial expertise. Our results suggest a recent willingness by firms to deviate from the historically prevalent one-size-fits-all approach to director pay in response to increased demands on audit committees and differential director expertise. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码：136 / 154
页数：19
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