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 …

I use Sarbanes–Oxley Act Section 404 auditor opinions on the effectiveness of internal
control over financial reporting to examine whether firm investment level is associated with …

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 …

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

In this study, we examine whether internal control over financial reporting affects firm
operational efficiency. We find that operational efficiency, derived from frontier analysis, is …

We examine whether the strength of internal control over financial reporting (internal control)
reduces the expropriation of resources from the firm by managers and controlling …

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 …

A large literature in finance provides evidence that agency conflicts and information
asymmetry between managers and outsiders lead firms to undertake suboptimal levels of …

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

We analyze a sample of 330 firms making unaudited disclosures required by Section 302
and 383 firms making audited disclosures required by Section 404 of the Sarbanes‐Oxley …