The Effects of Firm-Initiated Clawback Provisions on Earnings Quality and Auditor Behavior
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]
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|Source:||Journal of Accounting and Economics|
|01_Chan_The_Effects_of_Firm-Initiated_2012.pdf||426.34 kB||Adobe PDF||Request a copy|
|02_Chan_The_Effects_of_Firm-Initiated_2012.pdf||197.33 kB||Adobe PDF||Request a copy|
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