... that auditors lacked incentives to prevent backdating. Finally, BI is increasing in future performance, which suggests that CEOs partially underpin the returns to high-integrity corporate cultures. JEL Classifications: J24; L25; M14; M41; M42. Data Availability: Proprietary data from KRW International...

... to several proxies for pay fairness, providing support for the notion that my estimate does capture, at least to some extent, the construct of interest. In contrast, I find no consistent relations between these proxies and EPR. disclosure CEO pay ratio pay disparity corporate culture...

..., diversity, the environment, etc. ² Editor's note: Accepted by John Harry Evans III. September 2011 June 2013 2013 corporate social responsibility tax avoidance tax aggressiveness corporate culture FIN 48 On one...