Social ties between the CEO/CFO and the Audit committee in the European Union
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2016-08-18
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en
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This thesis investigates the influence of social ties between the CEO/CFO and the audit committee on the quality of financial oversight for European firms from 2010 till 2015. Based on prior literature, it is expected that social ties reduce the audit committee’s quality of financial oversight. Using data from from E.U.-listed companies, a negative relationship between CEO/CFO-audit committee social ties and quality of financial oversight is found. Moreover, the results show that CFO-audit committee social ties decrease the quality of financial oversight more than CEO-audit committee social ties.
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Faculteit der Managementwetenschappen