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Using the Analytic Hierarchy Process to Assess the Impact of Internal Control Weaknesses on Firm

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dc.contributor.authorWilford, Amanda
dc.contributor.authorBodin, Lawrence
dc.contributor.authorGordon, Lawrence
dc.date.accessioned2025-04-08T11:36:43Z
dc.date.available2025-04-08T11:36:43Z
dc.date.issued2020-08-28
dc.description.abstractSince the passage of the Sarbanes-Oxley Act (SOX) of 2002, many studies have examined the impact of material weaknesses in internal control systems (MWICS) on firm performance. Overall, these studies indicate that a negative association exists between poor internal control and firm performance. Prior research suggests that the above noted association between internal control and firm performance should be affected by both the actual number and the different types of MWICS. However, this stream of research has focused on using a binary measure for internal control and has not considered the combined impact that the different types of MWICS may have on firm performance. In this study, we create and introduce a new internal control index, derived from the Analytic Hierarchy Process (AHP). We then show that more information regarding the impact of MWICS can be obtained through our AHP index measure as opposed to the binary measure that is commonly used. These findings have important implications for a firm’s stakeholders (e.g., managers, stockholders, creditors, financial analysts, employees, and auditors).
dc.description.peerreviewedyes
dc.description.statusPublished
dc.identifier.citationWilford, A. L., Bodin, L. D., & Gordon, L. A. (2020). Using the analytic hierarchy process to assess the impact of internal control weaknesses on firm performance. International Journal of the Analytic Hierarchy Process, 12(2). https://doi.org/10.13033/ijahp.v12i2.709.
dc.identifier.doihttps://doi.org/10.13033/ijahp.v12i2.709
dc.identifier.issn1936-6744
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3734
dc.issue.number2
dc.journal.titleInternational Journal of the Analytic Hierarchy Process
dc.language.isoen
dc.page.total25
dc.publisherCreative Decisions Foundation
dc.relation.departmentAccounting & Management Control
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/deed
dc.subject.keywordAnalytic Hierarchy Process
dc.subject.keywordInternal control
dc.subject.keywordPerformance measurement
dc.subject.keywordMaterial weaknesses
dc.subject.keywordInternal control measures
dc.titleUsing the Analytic Hierarchy Process to Assess the Impact of Internal Control Weaknesses on Firm
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number12
dspace.entity.typePublication
relation.isAuthorOfPublicationee5db97b-5ee4-4166-9ffb-d5b8ac6cb2b6
relation.isAuthorOfPublication.latestForDiscoveryee5db97b-5ee4-4166-9ffb-d5b8ac6cb2b6
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