A study, by Lauren M. Cunningham of the University of Tennessee Knoxville, found that audit firms are rarely rejected when auditor ratification ballets are included in proxy materials sent annually to shareholders.
“Consistent with increased pressures to be less tax-aggressive, we find that being in the lowest quintile of benchmarked tax rates [became] influential in predicting CEO turnover…This is consistent with boards responding to…increase[d] political and reputational costs surrounding tax avoidance.”
Faculty Research: Lauren Cunningham, assistant professor of Accounting and Information Management, is researching the effect on audit quality of the Public Company Accounting Oversight Board’s decision to begin requiring audit partners be named publicly.
The experts within the Neel Corporate Governance Center produce top-tier research covering a variety of corporate governance issues that should be of interest to academics, practitioners and regulators.
The center’s 10 research fellows published 15 corporate-governance related papers in top-tier journals.