Untitled

doi:10.1111/care.1999.16.issue-3

Cited by 7 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…From the three earnings targets, Jiang (2008) noted that avoiding reporting losses is the most salient target for debt market for many reasons. First, unlike shareholders who might be affected by both earnings growth and deterioration, lenders only bear earnings deterioration risk and do not share earnings growth with shareholders (Fischer & Verrecchia, 1997;Plummer & Tse, 1999). Second, lenders seem to treat firms' earrings and loss asymmetrically.…”

Section: Further Analysismentioning

confidence: 99%

External audit quality and firms’ credit score

Zalata

Elzahar

McLaughlin

2020

Cogent Business & Management

View full text Add to dashboard Cite

Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms' credit score and external audit quality. However, when firms are suspected to be engaged in managerial misstatements, firms' credit score seems to be associated with external audit quality. In particular, suspected firms get high credit score when they are audited by one of industry-specialised auditors. In addition, credit rating agencies penalise suspect firms when they pay high audit and non-audit fees.

show abstract

Section: Further Analysismentioning

confidence: 99%

External audit quality and firms’ credit score

Zalata

Elzahar

McLaughlin

2020

Cogent Business & Management

View full text Add to dashboard Cite

show abstract

Financing, reputation and information disclosure quality in the Chinese market

2015

View full text Add to dashboard Cite

Determinants and value relevance of UK CEO pay slice

Al‐Najjar

Ding

Hussainey

2016

International Review of Applied Economics

View full text Add to dashboard Cite

This paper studies the CEO Pay Slice (CPS) of UK listed firms during the period 2003 to 2009. We investigate the determinants of CPS. We study the links between CPS and measures of firm performance. We find that firms with higher levels of corporate governance ratings and those with more independent boards tend to have higher CPS. In addition, we find that CEOs are more likely to receive lower compensation when they chair the board and when they work in firms with large board size. We also find that higher CPS is positively associated with firm performance after controlling the firm-specific characteristics and corporate governance variables. We get compatible results when we examine the association between equity-based CPS and firm performance. Our results remain robust to alternative accounting measures of firm performance. Our results suggest that high UK CPS levels do indeed reflect top managerial talent rather than managerial power.

show abstract

Untitled

Cited by 7 publications

References 0 publications

External audit quality and firms’ credit score

External audit quality and firms’ credit score

Financing, reputation and information disclosure quality in the Chinese market

Determinants and value relevance of UK CEO pay slice

Contact Info

Product

Resources

About