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The Effects of Firm-Initiated Clawback Provisions on Earnings Quality and Auditor Behavior

Chan, Lilian; Chen, Kelvin; Chen, Tai-Yuan; Yu, Yangxin

Description

While firm-initiated compensation recovery (or clawback) provisions are gaining popularity and the recently enacted Dodd-Frank Act seeks to make the clawback of erroneously awarded compensation mandatory for all listed companies, little is known about their effectiveness. We find that the incidence of accounting restatements declines after firms initiate such provisions. In addition, we show that investors and auditors view such provisions as associated with increased accounting quality and...[Show more]

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
URI: http://hdl.handle.net/1885/33353
Source: Journal of Accounting and Economics
DOI: 10.1016/j.jacceco.2012.05.001

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