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D'Amore-McKim's Finance faculty bring a wealth of professional expertise to the classroom and continue to break new ground in research and thought leadership in the areas of empirical corporate finance and investments.
This study investigates whether and how information asymmetry in the stock market affects the quantum of audit fees paid by auditees. It is based on a sample of 218 US publicly traded companies and adopts two well-established proxies for information asymmetry, namely bid-ask spread (BAS) and probability of informed trading (PIN). Empirical results provide evidence that, after controlling for all main audit fees determinants, information asymmetry is positively related to the quantum of audit fees paid. Overall, evidence supports the contention that less transparent companies convey higher audi...
On the livestock feed front, Toomer and collaborators are exploring the benefits of adding peanut skins to the diets of poultry.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.