Skip to Main content Skip to Navigation
Journal articles

Market reaction to Audit Committee director departures: Evidence from the post-SOX period

Abstract : Although the Audit Committee is a key component of corporate governance, very few studies have analyzed the market reaction to the departure of an Audit Committee Director. In this paper, we study the market reaction to 90 Audit Committee Director departures between 2004 and 2014. We find no significant market reaction at either the time of a non co-opted directors' departure or at the time of a financial expert directors' departure. Conversely, we show a significant positive market reaction at the announcement of a female Audit Committee member's departure, but no significant market reaction to the announcement of a male Audit Committee member's departure.
Document type :
Journal articles
Complete list of metadatas

Cited literature [17 references]  Display  Hide  Download

https://hal-audencia.archives-ouvertes.fr/hal-01343678
Contributor : Etienne Redor <>
Submitted on : Saturday, July 9, 2016 - 2:36:48 AM
Last modification on : Thursday, March 14, 2019 - 2:54:04 PM
Document(s) archivé(s) le : Monday, October 10, 2016 - 10:27:59 AM

File

EB-16-V36-I3-P124.pdf
Files produced by the author(s)

Identifiers

  • HAL Id : hal-01343678, version 1

Collections

Citation

Etienne Redor. Market reaction to Audit Committee director departures: Evidence from the post-SOX period. Economics Bulletin, Economics Bulletin, 2016, 36 (3), pp.1267-1274. ⟨hal-01343678⟩

Share

Metrics

Record views

163

Files downloads

359