Board’s financial expertise: a bibliometric analysis and future research agenda

Abad C, Bravo F (2018) Audit committee accounting expertise and forward-looking disclosures: a study of the US companies. Manag Res Rev 41(2):166–185. https://doi.org/10.1108/MRR-02-2017-0046

Abernathy JL, Beyer B, Masli A, Stefaniak C (2014) The association between characteristics of AC accounting experts, AC chairs, and financial reporting timeliness. Adv Acc 30(2):283–297

Abbott LJ, Parker S, Peters GF, Raghunandan K (2003) The association between audit committee characteristics and audit fees. Audit J Pract Theory 22(2):17–32. https://doi.org/10.2308/aud.2003.22.2.17

Abbott LJ, Parker S, Peters GF (2004) Audit committee characteristics and restatements. Audit J Pract Theory 23(1):69–87. https://doi.org/10.2308/aud.2004.23.1.69

Agrawal A, Chadha S (2005) Corporate governance and accounting scandals. J Law Econ 48(2):371–406. https://doi.org/10.1086/430808

Albort-Morant G, Leal-Rodríguez AL, Fernández-Rodríguez V, Ariza-Montes A (2018) Assessing the origins, evolution and prospects of the literature on dynamic capabilities: a bibliometric analysis. Eur Res Manag Bus Econ 24(1):42–52. https://doi.org/10.1016/j.iedeen.2017.06.004

Aldamen H, Duncan K, Kelly S, McNamara R, Nagel S (2012) Audit committee characteristics and firm performance during the global financial crisis. Acc Finan 52(4):971–1000. https://doi.org/10.1111/j.1467-629X.2011.00447.x

Almaqoushi W, Powell R (2020) Audit committee quality indices, reporting quality and firm value. J Bus Finan Account 48:185–229. https://doi.org/10.1111/jbfa.12478

Almarayeh TS, Aibar-Guzmán B, Abdullatif M (2020) Does audit quality influence earnings management in emerging markets? Evidence from Jordan. Rev Contab-Span Account Rev 23(1):64–74. https://doi.org/10.6018/rcsar.365091

Amorelli MF, García-Sánchez IM (2020) Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting. Corp Soc Responsib Environ Manag 27(1):204–221. https://doi.org/10.1002/csr.1793

Aparicio G, Iturralde T, Maseda A (2019) Conceptual structure and perspectives on Entrepreneurship education research: a bibliometric review. Eur Res Manag Bus Econ 25(3):105–113. https://doi.org/10.1016/j.iedeen.2019.04.003

Appuhami R, Tashakor S (2017) The impact of audit committee characteristics on CSR disclosure: an analysis of australian firms. Aust Acc Rev 27(4):400–420. https://doi.org/10.1111/auar.12170

Baatwah SR, Salleh Z, Ahmad N (2013) Whether Audit Committee Financial Expertise is the only relevant expertise: a review of Audit Committee Expertise and Timeliness of Financial Reporting. Issues Soc Environ Account 7(2). https://doi.org/10.22164/isea.v7i2.76

Badolato PG, Donelson DC, Ege M (2014) Audit committee financial expertise and earnings management: the role of status. J Acc Eco 58:208–230. https://doi.org/10.1016/j.jacceco.2014.08.006

Barabâsi AL, Jeong H, Néda Z, Ravasz E, Schubert A, Vicsek T (2002) Evolution of the social network of scientific collaborations. Phys: Statis Mech Appl 311(3–4):590–614. https://doi.org/10.1016/S0378-4371(02)00736-7

Baatwah SR, Salleh Z, Ahmad N (2015) CEO characteristics and audit report timeliness: do CEO tenure and financial expertise matter? Manag. Audit J 30(8/9):998–1022. https://doi.org/10.1108/MAJ-09-2014-1097

BDO (2020) BOARDS’ HIGH STAKES BALANCING ACT: Navigating Through Crisis

Bédard J, Chtourou SM, Courteau L (2004) The effect of audit committee expertise, independence, and activity on aggressive earnings management. Audit: J Pract Theory 23(2):13–35

Behrend J, Eulerich M (2019) The evolution of internal audit research: a bibliometric analysis of published documents (1926–2016). Acc Hist Rev 29(1):103–139

Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees (1999) Report and recommendations of the Blue Ribbon Committee on improving the effectiveness of corporate audit committees. Bus Law 54(3):1067–1095

Bravo F, Alcaide-Ruiz MD (2019) The disclosure of financial forward-looking information: does the financial expertise of female directors make a difference? Gend Manag 34(2):140–156. https://doi.org/10.1108/GM-09-2018-0120

Bravo F, Reguera-Alvarado N (2019) Sustainable development disclosure: Environmental, social, and governance reporting and gender diversity in the audit committee. Bus Strateg Environ 28(2):418–429. https://doi.org/10.1002/bse.2258

Buallay A, Al-Ajmi J (2020) The role of audit committee attributes in corporate sustainability reporting: evidence from banks in the Gulf Cooperation Council. J Appl Account Res 21(2):249–264. https://doi.org/10.1108/JAAR-06-2018-0085

Carcello JV, Hermanson DR, Ye Z (2011) Corporate governance research in accounting and auditing: insights, practice implications, and future research directions. Audit J Pract Theory 30(3):1–31. https://doi.org/10.2308/ajpt-10112

Chan H, Faff RW, Khan A, Mather PR (2013) Exploring the moderating role of growth options on the relation between board characteristics and management earnings forecasts. Corp Gov: Int Rev 21(4):314–333. https://doi.org/10.1111/corg.12027

Chen S, Komal B (2018) Audit committee financial expertise and earnings quality: a meta-analysis. J Bus Res 84:253–270

Chychyla R, Leone AJ, Minutti-Meza M (2019) Complexity of financial reporting standards and accounting expertise. J Acc Econ 67(1):226–253. https://doi.org/10.1016/j.jacceco.2018.09.005

Cisneros L, Ibanescu M, Keen C, Lobato-Calleros O, Niebla-Zatarain J (2018) Bibliometric study of family business succession between 1939 and 2017: mapping and analyzing authors’ networks. Scientometr 117:919–951. https://doi.org/10.1007/s11192-018-2889-1

Council Directive 2006/43/EC of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC.

Council Directive 2014/56/EU of 16 April 2014 amending Council Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts

Council Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups

Cuomo F, Mallin C, Zattoni A (2016) Corporate governance codes: a review and research agenda. Corp Gov: Int Rev 24(3):222–241. https://doi.org/10.1111/corg.12148

Custódio C, Metzger D (2014) Financial expert CEOs: CEO’s work experience and firm’s financial policies. J Financ Econ 114(1):125–154. https://doi.org/10.1016/j.jfineco.2014.06.002

Daim TU, Rueda G, Martin H, Gerdsri P (2006) Forecasting emerging technologies: use of bibliometrics and patent analysis. Technol Forecast Soc Chang 73(8):981–1012. https://doi.org/10.1016/j.techfore.2006.04.004

Das S, Gong JJ, Li S (2020) The Effects of Accounting Expertise of Board Committees on the short-and long-term consequences of Financial Restatements. J Acc Audit Financ 0148558X20934943. https://doi.org/10.1177/0148558X20934943

Dechow PM, Myers LA, Shakespeare C (2010) Fair value accounting and gains from asset securitizations: a convenient earnings management tool with compensation side-benefits. J Acc Eco 49(1–2):2–25. https://doi.org/10.1016/j.jacceco.2009.09.006

DeFond ML, Hann RN, Hu X (2005) Does the market value financial expertise on audit committees of boards of directors? J Acc Res 43(2):153–193. https://doi.org/10.1111/j.1475-679x.2005.00166.x

Deloitte (2018) Audit Committee Resource Guide

Deloitte (2020) Stepping in: The board’s role in the COVID-19 crisis

Dhaliwal DS, Naiker V, Navissi F (2010) The association between accruals quality and the characteristics of accounting experts and mix of expertise on audit committees. Contempor Acc Res 27(3):787–827. https://doi.org/10.1111/j.1911-3846.2010.01027.x

Dhar BK, Harymawan I, Sarkar SM (2022) Impact of corporate social responsibility on financial expert CEOs’ turnover in heavily polluting companies in Bangladesh. Corp Soc Responsib Environ 29:701–711. https://doi.org/10.1002/csr.2230

Durisin B, Puzone F (2009) Maturation of corporate governance research, 1993–2007: an assessment. Corp Gov: Int Rev 17(3):266–291

Durieux V, Gevenois PA (2010) Bibliometric Indicators: Quality Measurements of Scientific Publication. Radiology 255(2):342–351. https://doi.org/10.1148/radiol.09090626

Dwekat A, Seguí-Mas E, Tormo-Carbó G (2020) The effect of the board on corporate social responsibility: bibliometric and social network analysis. Econ Res-Ekon Istraž 33(1):3580–3603. https://doi.org/10.1080/1331677X.2020.1776139

Ellegaard O, Wallin JA (2015) The bibliometric analysis of scholarly production: how great is the impact? Scientometric 105(3):1809–1831. https://doi.org/10.1007/s11192-015-1645-z

European Commission Recommendation of 15 February 2005 on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board

European Securities and Markets Authority (ESMA) (2015) Improving the quality of disclosures in the financial statements. In: Paris: Statement European Common Enforcement Priorities for 2014 Financial Statements

EY (2020) Four ways to advance risk oversight Content

Fama EF, Jensen MC (1983) Separation of ownership and control. J Law Econ 26(2):301–325. https://doi.org/10.1086/467037

Farber DB (2005) Restoring trust after fraud: does corporate governance matter? Acc Rev 80(2):539–561. https://doi.org/10.2308/accr.2005.80.2.539

Ferreira JJM, Fernandes CI, Ratten V (2016) A co-citation bibliometric analysis of strategic management research. Scientometric 109(1):1–32. https://doi.org/10.1007/s11192-016-2008-0

García-Sánchez IM, García-Meca E, Cuadrado-Ballesteros B (2017a) Do financial experts on audit committees matter for bank insolvency risk-taking? The monitoring role of bank regulation and ethical policy. J Bus Res 76:52–66. https://doi.org/10.1016/j.jbusres.2017.03.004

García-Sánchez IM, Martínez-Ferrero J, García-Meca E (2017b) Gender diversity, financial expertise, and its effects on accounting quality. Manag Decis 55(2):347–382. https://doi.org/10.1108/MD-02-2016-0090

Goh BW (2009) Audit committees, boards of directors, and remediation of material weaknesses in internal control. Contempor Acc Res 26(2):549–579. https://doi.org/10.1506/car.26.2.9

Güner AB, Malmendier U, Tate G (2008) Financial expertise of directors. J Financ Econ 88(2):323–354

Haustein S, Larivière V (2015) The use of bibliometrics for assessing research: possibilities, limitations and adverse effects. Incent perform 121–139. https://doi.org/10.1007/978-3-319-09785-5_8

Helfaya A, Moussa T (2017) Do board’s corporate social responsibility strategy and orientation influence environmental sustainability disclosure? UK evidence. Bus Strateg Environ 26(8):1061–1077. https://doi.org/10.1002/bse.1960

Hesarzadeh R, Rajabalizadeh J (2020) Does Securities Commission Oversight reduce the complexity of Financial Reporting? Rev Contab-. Span Acc Rev 23(1):1–17. https://doi.org/10.6018/rcsar.389791

Hoitash U, Hoitash R, Bedard JC (2009) Corporate governance and internal control over financial reporting: a comparison of regulatory regimes. Acc rev 84(3):839–867

Hota PK, Subramanian B, Narayanamurthy G (2019) Mapping the intellectual structure of social entrepreneurship research: a citation/co-citation analysis. J Bus Eth 66:89–114. https://doi.org/10.1007/s10551-019-04129-4

Huang C, Ho Y (2011) Historical research on corporate governance: a bibliometric analysis. Afr J Bus Manag 5(2):276–284

Huang H, Lee E, Lyu C, Zhu Z (2016) The effect of accounting academics in the boardroom on the value relevance of financial reporting information. Int Rev Financ Anal 45:18–30. https://doi.org/10.1016/j.irfa.2016.02.003

Jain T, Jamali D (2016) Looking inside the black box: the effect of corporate governance on corporate social responsibility. Corp Gov: Int Rev 24(3):253–273. https://doi.org/10.1111/corg.12154

Khemakhem H, Fontaine R (2019) The audit committee chair’s abilities: beyond financial expertise. Int J Audit 23(3):457–471. https://doi.org/10.1111/ijau.12173

Kelton AS, Yang YW (2008) The impact of corporate governance on Internet financial reporting. J Acc Public Polic 27(1):62–87. https://doi.org/10.1016/j.jaccpubpol.2007.11.001

Kent Baker H, Pandey N, Kumar S, Haldar A (2020) A bibliometric analysis of board diversity: current status, development, and future research directions. J Bus Res 108:232–246

Klarin A (2020) The decade-long cryptocurrencies and the blockchain rollercoaster: mapping the intellectual structure and charting future directions. Res Int Bus Financ 51:101067. https://doi.org/10.1016/j.ribaf.2019.101067

KPMG (2017) Audit Committee Handbook

KPMG (2021) Top issues for audit committees in 2021

Krishnan J (2005) Audit committee quality and internal control: an empirical analysis. Acc Rev 80(2):649–675. https://doi.org/10.2308/accr.2005.80.2.649

Krishnan GV, Visvanathan G (2008) Does the SOX definition of an accounting expert matter? The association between audit committee directors’ accounting expertise and accounting conservatism. Contemp Acc Res 25(3):827–857. https://doi.org/10.1506/car.25.3.7

Krishnan J, Lee JE (2009) Audit committee financial expertise, litigation risk, and corporate governance. Audit: J Pract Theory 28(1):241–261. https://doi.org/10.2308/aud.2009.28.1.241

Linck JS, Netter JM, Yang T (2009) The effects and unintended consequences of the Sarbanes-Oxley Act on the supply and demand for directors. Rev Financ Stud 22(8):3287–3328. https://doi.org/10.1093/rfs/hhn084

Lisic LL, Myers LA, Seidel TA, Zhou J (2019) Does audit committee accounting expertise help to promote audit quality? Evidence from auditor reporting of internal control weaknesses. Contemp Acc Res 36(4):2521–2553. https://doi.org/10.1111/1911-3846.12517

Mangena M, Pike R (2005) The effect of audit committee shareholding, financial expertise and size on interim financial disclosures. Acc Bus Res 35(4):327–349. https://doi.org/10.1080/00014788.2005.9729998

McDaniel L, Martin RD, Maines LA (2002) Evaluating financial reporting quality: the effects of financial expertise vs. financial literacy. Acc Rev 77(s–1):139–167. https://doi.org/10.2308/accr.2002.77.s-1.139

Merediz-Solà I, Bariviera AF (2019) A bibliometric analysis of bitcoin scientific production. Res Int Bus Financ 50:294–305. https://doi.org/10.1016/j.ribaf.2019.06.008

Merigó JM, Yang JB (2017) Accounting Research: a bibliometric analysis. Aust Acc Rev 27(1):71–100. https://doi.org/10.1111/auar.12109

Minton BA, Taillard JP, Williamson R (2014) Financial expertise of the board, risk taking, and performance: evidence from bank holding companies. J Financ Quantit Anal 49(2):351–380. https://doi.org/10.1017/S0022109014000283

Mohammadi S, Saeidi H, Naghshbandi N (2020) The impact of board and audit committee characteristics on corporate social responsibility: evidence from the iranian stock exchange. Int J Product Perform Manag. https://doi.org/10.1108/IJPPM-10-2019-0506

NASDAQ (National Association of Securities Dealers Automated Quotations) (2004) Corporate Governance Certification Form. January. http://www.nasdaq.com/about/cg-certificationform.pdf

Nguyen BD, Nielsen KM (2010) The value of independent directors: evidence from sudden deaths. J Financ Econ 98(3):550–567. https://doi.org/10.1016/j.jfineco.2010.07.004

NYSE (New York Stock Exchange) (2004) Sect. 303.A.01 Corporate Governance Standards

Oradi J, E-Vahdati S (2021, July) Female directors on audit committees, the gender of financial experts, and internal control weaknesses: evidence from Iran. Acc Forum 45(3):273–306. https://doi.org/10.1080/01559982.2021.1920127

Patra SK, Bhattacharya P, Verma N (2006) Bibliometric study of literature on bibliometrics. DESIDOC J Libr Inf Tech 26(1):27–32

Perianes-Rodriguez A, Waltman L, van Eck J (2016) Constructing bibliometric networks: a comparison between full and fractional counting. J Informetr 10(4):1178–1195

Pritchard A (1969) Statistical bibliography or bibliometrics? J Doc 24:348–349

Rezaee Z, Asiaei K, Delooie TS (2021) Are CEO experience and financial expertise associated with financial restatements?¿ existe asociación entre la experiencia del director general y los conocimientos financieros con las reformulaciones financieras? Rev. Contab -Span Account Rev 24(2):270–281. https://doi.org/10.6018/rcsar.379991

Salleh Z, Stewart J (2012) The impact of expertise on the mediating role of the audit committee. Manag Audit J 27(4):378–402. https://doi.org/10.1108/02686901211217987

Sarwar B, Xiao M, Husnain M, Naheed R (2018) Board financial expertise and dividend-paying behavior of firms. Manag Decis 56(9):1839–1868. https://doi.org/10.1108/MD-11-2017-1111

Shaukat A, Qiu Y, Trojanowski G (2016) Board attributes, corporate social responsibility strategy, and corporate environmental and social performance. J Bus Ethics 135(3):569–585. https://doi.org/10.1007/s10551-014-2460-9

Smith M, Sarabi Y (2020) “What do interlocks do” revisited–a bibliometric analysis. Manag Res Rev. https://doi.org/10.1108/MRR-05-2020-0258

Securities and Exchange Commission (SEC) (2003) Final Rule: Disclosure Required by Sects. 406 and 407 of the Sarbanes-Oxley Act of 2002. U.S. Securities and Exchange Commission, 2003

Tunger D, Eulerich M (2018) Bibliometric analysis of corporate governance research in german-speaking countries: applying bibliometrics to business research using a custom-made database. Scientometric 117(3):2041–2059. https://doi.org/10.1007/s11192-018-2919-z

Van Eck NJ, Waltman L (2010) Software survey: VOS viewer, a computer program for bibliometric mapping. Scientometric 84(2):523–538. https://doi.org/10.1007/s11192-009-0146-3

Velte P (2018) Is audit committee expertise connected with increased readability of integrated reports: evidence from EU companies. Probl Perspect Manag 16(2):23–41. https://doi.org/10.21511/ppm.16(2).2018.03

Waltman L, Calero-Medina C, Koste J, Noyons ECM, Tijssen RJW, van Eck NJ et al (2012) The Leiden ranking 2011/2012: data collection, indicators, and interpretation. J Am Soc Inf Sci Tech 63(12):2419–2432. https://doi.org/10.1002/asi.22708

Zalata AM, Tauringana V, Tingbani I (2018) Audit committee financial expertise, gender, and earnings management: does gender of the financial expert matter? Int Rev Financ Anal 55:170–183. https://doi.org/10.1016/j.irfa.2017.11.002

Zhang Y, Zhou J, Zhou N (2007) Audit committee quality, auditor independence, and internal control weaknesses. J Acc Public Polic 26(3):300–327. https://doi.org/10.1016/j.jaccpubpol.2007.03.001

Zheng C, Kouwenberg R (2019) A bibliometric review of Global Research on Corporate Governance and Board Attributes. Sustain 11(12):3428. https://doi.org/10.3390/su11123428

Zgarni I, Hlioui K, Zehri F (2016) Effective audit committee, audit quality and earnings management: evidence from Tunisia. J Acc Emerg Econ 6(2):138–155. https://doi.org/10.1108/JAEE-09-2013-0048

Zupic I, Čater T (2015) Bibliometric methods in management and organization. Organ Res Method 18(3):429–472. https://doi.org/10.1177/1094428114562629