... securities class action lawsuits corporate governance Outside directors play a key role in monitoring and advising management ( Weisbach 1988 ; Hermalin and Weisbach 1998 ; A. Knyazeva, D. Knyazeva, and Masulis 2013 ). Active and retired top executives are typically the most desired outside...

...Jonathan M. Karpoff; Allison Koester; D. Scott Lee; Gerald S. Martin ABSTRACT An extensive literature examines the causes and effects of financial misconduct based on samples drawn from four popular databases that identify restatements, securities class action lawsuits, and Accounting and Auditing...