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Does Excess Cash Lead to Higher Audit Fees? Evidence from China-郭南廷 (南开大学)
站点地图|English

Does Excess Cash Lead to Higher Audit Fees? Evidence from China-郭南廷 (南开大学)

主  题:Does Excess Cash Lead to Higher Audit Fees? Evidence from China

内容简介:Our study uses China’s data to explore the association between audit fees and excess cash. Prior studies (Gul and Tsai 1998, 2001; Griffin et al. 2010; Gleason et al. 2015) suggest that this association is positive because agency problems fromexcess cash magnify auditor business risk, which induce auditors to charge higher fees as compensation. However, we find that this association is negative for Chinese listed companies. We further find that this negative associationis attributable totheinstitutional features of China, where auditor liabilities are not extended beyond the assurance of financial statements. Overall, our results highlight the importance of institutional regimes in shaping auditor perceptions and decisions. Future studies extendingJensen’s (1986) free cash flow argument to auditing research must carefully consider the validity of such extension given the institutional features of their empiricalenvironments. 

报告人:郭南廷      副教授

时  间:2018-12-21    12:00

地  点:位育楼117

举办单位:银行与货币研究院





责任编辑: 科研处
🔥手机赌博平台-正规手机赌博在线官网-手机赌博游戏平台网址-南京审计大学