We find that cash holdings are more valuable for firms disclosing material weaknesses in the
Sarbanes–Oxley (SOX) 404 internal control assessments. We estimate that the value spread …

We test whether internal control weaknesses (ICW s) endanger cash resources that
manifests in a lower value of cash. Our results indicate that investors value liquid assets in …

We investigate whether the quality of internal control over financial reporting (ICOFR) has
implications for the quality of internal control over fixed assets by examining the relation …

We provide more direct evidence on the causal relation between the quality of financial
reporting and investment efficiency. We examine the investment behavior of a sample of …

This study investigates whether internal control over financial reporting (ICFR) alleviates the
managerial expropriation of corporate resources. We do this by examining the potential …

Exploiting a unique setting in China where internal controls are intended to manage risks,
we investigate how internal controls shape the cash holding policies. Results show that firms …

Academics have investigated the relation between executive compensation/equity
incentives and firm valuation (Himmelberg et al. 1999; Core and Guay 1999), earnings …

We investigate how the value of cash holdings changes following the mandatory adoption of
International Financial Reporting Standards (IFRS), which is viewed as an exogenous shock …

We investigate whether ineffective internal control over financial reporting has implications
for firm operations by examining the association between inventory-related material …

In this paper, we present a theoretical model and empirical evidence on the effects of
dynamic internal control performance on external financing choices of a company. Using …