TY  - SER
AU  - Chen,Yangyang
AU  - Gul,Ferdinand A.
AU  - Veeraraghavan,Madhu
AU  - Zolotoy,Leon
TI  - Executive equity risk-taking incentives and audit pricing
KW  - Contabilidad
KW  - Publicaciones seriadas
KW  - Auditoría
KW  - (2002 - 2010)
KW  - Estados Unidos
KW  - Empresas
KW  - Directores de empresas
KW  - Sobresueldos
KW  - Riesgo (Finanzas)
N2  - Using a large sample of U.S. firms spanning the period 2000-2010, we document a strong positive association between the sensitivity of CEO compensation portfolio to stock return volatility (vega) and audit fees. We also show that the positive association between vega and audit fees is weaker in the post-Sarbanes-Oxley Act (SOX) period. In supplementary tests, we show that the relation between vega and audit fees is stronger for firms with older CEOs and in firms where the CEO is also chairman of the board. Collectively, our results suggest that audit firms incorporate executive risktaking incentives in the fees they charge for their services
ER  -