Errata
The authors, Liesbeth Bruynseels and Eddy Cardinaels, regret an error in their article “The Audit Committee: Management Watchdog or Personal Friend of the CEO?” published in The Accounting Review, Vol. 89, No. 1, pp. 113–145. In Section III, “Data Description,” the statistics listed—describing the types of voluntary organizations that generate social ties between a CEO and audit committee members through “other activities” in which both participate—were erroneously generated based on “other activities” for all U.S.-listed firms' CEOs and director profiles available in the BoardEx database for the period 1999–2009.When the authors correctly restricted the sample to the other activity ties between the CEO and audit committee members for only the 11,963 firm-year observations included in the paper's analyses, this generated changes in the originally reported results. On the third line from the bottom of page 119, the sentences beginning “In our sample, … “ and continuing through “… percent).5” should be replaced with the following text:These sentences respond to a reviewer's request to clarify the nature of ties between a CEO and audit committee members via their joint participation in “other activities.” As such, the errors in this supplementary disclosure do not affect any of the empirical results described in the text or reported in the tables of the manuscript.
- DOI
- 10.2308/accr-10394
- Volume
- 89 (2)
- Pages
- 803-803
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref