Dissertation
Incentives for the audit committee to signal their monitoring activities using voluntary disclosure in the audit committee report
Doctor of Philosophy (Ph.D.), Drexel University
Jul 2013
DOI:
https://doi.org/10.17918/etd-4285
Abstract
This dissertation considers whether the audit committee report is used as a signal for the audit committees monitoring effort. Prior audit committee report research suggests that a shift toward greater voluntary disclosure occurred after the passage of the Sarbanes-Oxley Act (Pandit et al. 2006). Using agency theory and signaling theory, this dissertation considers several incentives for voluntary disclosure for audit committees to signal their monitoring activity to shareholders: their financial expertise, their reputation, and their compensation structure. Studying a high litigation industry, this dissertation tests whether these incentives are associated with greater voluntary disclosure, providing evidence that both financial expertise and compensation structure are significantly associated with voluntary disclosure. Building upon a small stream of audit committee report literature, this dissertation contributes to the literature by studying voluntary disclosure in a non-traditional setting and providing evidence that audit committees may use their report to signal their unobservable monitoring effort.
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Details
- Title
- Incentives for the audit committee to signal their monitoring activities using voluntary disclosure in the audit committee report
- Creators
- Matthew Ray Reidenbach - DU
- Contributors
- Hsihui Chang (Advisor) - Drexel University (1970-)
- Awarding Institution
- Drexel University
- Degree Awarded
- Doctor of Philosophy (Ph.D.)
- Publisher
- Drexel University; Philadelphia, Pennsylvania
- Resource Type
- Dissertation
- Language
- English
- Academic Unit
- Accounting; Bennett S. LeBow College of Business; Drexel University
- Other Identifier
- 4285; 991014632506104721