Cory A. Cassell

TL;DR: The authors found a negative association between inside debt holdings and the volatility of future firm stock returns, R&D expenditures, and financial leverage and a positive association between CEO inside debt holders and the extent of diversification and asset liquidity.

TL;DR: The authors found a negative association between CEO inside debt holdings and the volatility of future firm stock returns, R&D expenditures, and financial leverage, and a positive association between inside debt holders and the extent of diversification and asset liquidity.

TL;DR: In this paper, the authors investigate factors that affect the probability of receiving a 10-K comment letter, the extent of comments received, and the cost of remediation, and find that low profitability, high complexity, engaging a small audit firm, and weaknesses in governance are positively associated with the receipt of a comment letter.

TL;DR: In this paper, the authors investigate factors that affect the probability of receiving a 10-K comment letter, the extent of comments received, and the cost of remediation, and find that low profitability, high complexity, engaging a small audit firm, and weaknesses in governance are positively associated with the receipt of a comment letter.

TL;DR: In this article, the authors developed a corporate governance index comprised of governance characteristics that they expect auditors to find more desirable in their clients (specifically, board and audit committee independence, diligence, and expertise).