He, G. (2015) 'The effect of CEO inside debt holdings on financial reporting quality.', Review of accounting studies., 20 (1). pp. 501-536.
This study investigates the effect of CEO inside debt holdings on financial reporting quality. I find that higher CEO inside debt holdings are associated with lower abnormal accruals, higher accruals quality, a lower likelihood of an earnings misstatement, and a lower incidence of earnings benchmark beating, suggesting that CEO inside debt promotes high financial reporting quality. Additional analyses reveal that (1) CEO inside debt holdings reduce firm-specific stock price crash risk, and that (2) auditors are less likely to report a material internal control weakness for firms that have large CEO inside debt.
|Full text:||(AM) Accepted Manuscript|
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|Publisher Web site:||https://doi.org/10.1007/s11142-014-9305-8|
|Publisher statement:||The final publication is available at Springer via https://doi.org/10.1007/s11142-014-9305-8.|
|Date accepted:||18 August 2014|
|Date deposited:||06 December 2017|
|Date of first online publication:||31 August 2014|
|Date first made open access:||No date available|
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