This paper studies how a client's bankruptcy risk, together with its accounting quality and corporate governance, affect audit pricing. We use the unusual economic conditions of the 1998 Asian financial crisis as a stress test of the effect of these factors on audit pricing in Hong Kong. We find that audit fees are highly sensitive to a client firm's financial condition, corporate governance, a...

Corporate Governance debates raised seriously in scandals and financial crisis of recent decades in large companies and banks. The focus of this debate is not merely the corporate governance system, and its main function is to preserve the interests of stakeholders. At the macro level, economic efficiency, sustainable growth and financial stability are important effects of the system. Establish...

The accounting standardization project, kicked off by the passage of US securities laws in the 1930s, has steadily gained momentum over seven decades. Today, written standards dominate accounting thought, practice, regulation, instruction, even research. Generally accepted accounting principles—originally a mere description in its plain English meaning—have since been capitalized into a proper ...

corporate governance (cg) is an important effort to ensure accountability and responsibility and is a set of principles, which should be incorporated into every part of the organization. this study focused on the state of corporate governance (cg) in two categories of the banking industries: conventional banks and islamic banks. as conventional banks and islamic banks differ a great deal in the...

* University Senior Lecturer, Faculty of Law and Research Associate, Centre for Business Research, University of Cambridge; Research Associate, European Corporate Governance Institute. ** Associate Professor, Department of Accounting, National Taiwan University; formerly Research Fellow, Centre for Business Research, Cambridge University. *** Geldards LLP Professor of Corporate and Insolvency L...

We empirically examine how corporate governance affects the structure of executive compensation contracts. In particular, we analyze the implicit weights of firm performance measures in explaining CEO compensation. We find that weaker corporate governance is associated with compensation contracts that put more weight on accounting-based measures of performance (i.e., return on assets) than on s...

Purpose:This study examines the moderating impact of corporate governance quality on relation between CEO bonus compensation and accounting conservatism.