Date of Graduation
Doctor of Philosophy in Business Administration (PhD)
Linda A. Myers
Cory A. Cassell
Second Committee Member
James N. Myers
Third Committee Member
Social sciences; Accounting; Corporate governance; Disclosure; Disclosure committee; Earnings informativeness; Information asymmetry
After the passage of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission recommended that companies voluntarily adopt disclosure committees to aid in preparing company disclosures. In this paper, I investigate the determinants and consequences of disclosure committee adoption. I find that companies with material weaknesses in internal controls over financial reporting and less readable 10-K filings are more likely to adopt disclosure committees. In consequences analyses, using a propensity score matched control sample and a difference-in-differences research design, I find that 10-K filings are longer and less readable after disclosure committee adoption. However, consistent with institutional theory, I do not find evidence of a reduction in information asymmetry or an increase in the informativeness of earnings following disclosure committee adoption.
Schmardebeck, Lyle Roy, "The Determinants and Consequences of Disclosure Committee Adoption" (2015). Theses and Dissertations. 1188.