Does the Market Value Financial Expertise on Audit Committees of Boards of Directors

By Mark L. Defond, Rebecca N. Hann, Xuesong Hu. 2005

1,172 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/74ba24c6795b0eb48f50ab300e022bf97b947b13

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Citations in the corpus

The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data (2012, background): “University of Texas Law School WOOCHAN KIM*** KDI School of Public Policy and Management”
Do Social Ties between External Auditors and Audit Committee Members Affect Audit Quality (2016, background): “DeFond et al. (2005) document that AC members with accounting expertise outperform other members in monitoring, suggesting that the audit quality impact will be isolated in ACT_ACC relative to ACT_NACC.20 Finally, we consider whether there is any overlap in the department/school attended by the AC…”
Do Islamic Banks Employ Less Earnings Management (2013, neutral): “For example, DeFond et al. (2005) find positive market reactions around the announcement of newly appointed audit committee members with”
Can corporate governance deter management from manipulating earnings? Evidence from related-party sales transactions in China (2010, methodology): “Following DeFond et al. (2005), we classify a director as a business expert if he or she has experience of supervising employees with financial reporting duties, overseeing the performance of companies, and other relevant experience, but does not have experience as a controller, principal financial…”
Complexity of financial reporting standards and accounting expertise (2019, neutral): “example, Dyer et al. (2017) report a double increase in the median number of words in a 10-K report from 23,000 in 1996 to 50,000 in 2013.”
The impact of audit committee expertise on audit quality: Evidence from UK audit fees (2017, methodology): “As a result, for the purposes of this study, we followed the SEC’s definitions, which is also used by DeFond et al. (2005) and other USA-based studies whereby an accounting financial expert is defined as a person who has previously held or currently holds a job directly related to accounting and…”
Female board directorship and firm performance: What really matters? (2018, background): “The reactions of financial markets to these apointments depend significantly on the attributes of new directors DeFond et al., 2005; Rosenstein and Wyatt, 1990 ).”