Does board independence substitute for external audit quality? Evidence from an exogenous regulatory shock

• Main Authors: Pornsit Jiraporn, Pandej Chintrakarn, Shenghui Tong, Sirimon Treepongkaruna
• Other Authors: University of Western Australia
• Format: Article
• Published: 2019
• Subjects: Business, Management and Accounting
• Online Access: https://repository.li.mahidol.ac.th/handle/123456789/45378
• Institution: Mahidol University

© 2017, © The Author(s) 2017. Exploiting the passage of the Sarbanes–Oxley Act (SOX) as an exogenous regulatory shock, we investigate whether board independence substitutes for external audit quality. Based on over 14,000 observations across 18 years, our difference-in-difference estimates show that...