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 …

Prior evidence that higher-quality financial reporting improves capital investment efficiency
leaves unaddressed whether it reduces over-or under-investment. This study provides …

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

We examine determinants of weaknesses in internal control for 779 firms disclosing material
weaknesses from August 2002 to 2005. We find that these firms tend to be smaller, younger …

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 …

This paper focuses on a sample of 261 companies that disclosed at least one material
weakness in internal control in their SEC filings after the effective date of the Sarbanes …

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

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

We examine the association between cost of equity and internal control weakness (ICW) for
firms that filed first‐time Section 404 reports with the SEC. Using several proxies, we find …