... for helpful feedback. We also appreciate editorial comments from Charley Irons. We are particularly grateful for the efforts and assistance of Riza Cruz. PCAOB audit quality cost of capital Lawrence J. Abbott, University of Wisconsin–Milwaukee, Lubar College of Business, Accounting Area...

... positions provide valuable knowledge and experience. audit committee busy cost of capital governance multiple director other board We provide initial evidence on the association between the ex ante cost of equity capital and audit committee directors' service on multiple audit...

...; if investors or analysts do not consider partner tenure, future research may identify omitted variables that have the same nonlinear relationship with the ex ante cost of capital that we observe for non-Big 4 audit partner tenure. JEL Classifications: M42; M48. Data Availability: The data used...