留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal


ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter



英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查








Auditing and Taxation:The impact of corporate governance on auditor choice:Evidence from China

论文作者:留学生论文论文属性:硕士毕业论文 dissertation登出时间:2011-03-16编辑:anterran点击率:15821

论文字数:14121论文编号:org201103160901559246语种:英语论文 English地区:英国价格:免费论文

关键词:Corporate governanceAuditor choiceChinese capital marketOpaqueness gains

Journal of International Accounting, Auditing and Taxation 18 (2009) 44–Contents lists available at ScienceDirect
Journal of International Accounting,
Auditing and Taxation
The impact of corporate governance on auditor choice:Evidence from China
Z. Jun Lina,∗, Ming Liub
a Department of Accountancy and Law, Hong Kong Baptist University, 代写留学生论文Kowlong Tong, Kowloon, Hong Kong, China
b Department of Accounting and Information Management, The University of Macau, Macau, China
a r t i c l e i n f o
Corporate governance Auditor choice Chinese capital market Opaqueness gains
a b s t r a c t
As the largest and fastest growing emerging market, China is becoming more and moreimportant to investors throughout the world. The purpose of this paper is to investigatethe determinants of firms’ auditor choice in China in respect of their corporate governance
mechanism. Normally firms have to take a trade-off in their auditorchoice decisions, i.e.,to hire high-quality auditors to signal effective audit monitoring and good corporate governance
to lower their capital raising costs, or to select low-quality auditors with less effectiveaudit monitoring in order to reap private benefits derived fromweak corporate governanceand less-transparent disclosure (the opaqueness gains).We develop a logit regression model
to test theimpact of firms’ internal corporate governancemechanism on auditor choice decisionsmade by IPO firms getting listed during a bear market period of 2001–2004 in China.Three variables are used to proxy for firms’ internal corporategovernance mechanism, i.e.,
the ownership concentration, the size of the supervisory board (SB), and the duality ofCEO and chairman of board of directors (BoDs). We classify all auditors in China into largeauditors (Top 10) and others (non-Top 10), assuming the large auditors can provide higher
quality audit services. The empirical results show that firms with larger controlling shareholders,with smaller size of SB, or in which CEO and BoDs chairman are the same person,are less likely to hire a Top 10 (high-quality) auditor. This suggests that when benefits from
lowering capital raising costs are trivial, firms with weaker internal corporate governancemechanism are inclined to choose a low-quality auditor so as to capture and sustain theiropaqueness gains. On the other hand, with improvement of corporate governance, firms
should be more likely to appoint high-quality auditors.
© 2009 Published by Elsevier Inc.
1. Introduction
The purpose of this study is to investigate the association between firms’ internal corporate governance mechanism and
their auditor choice decisions in China. Auditor choice, i.e., client–auditor alignment, can be viewed as the minimum cost
match between client needs (the demand side) and auditor services (the supply side) in a certain auditing environment
(Datar, Feltham, & Hughes, 1991). Studies on auditor choice to date have been conducted predominantly in the U.S. (Chow
& Rice, 1982; Copley & Douthett, 2002; Copley, Gaver, & Gaver, 1995; DeAngelo, 1982; Geiger, Raghunandan, & Rama, 1998;
Hogon, 1997; Hudaib & Cooke, 2005; Johnson & Lys, 1990; Krishnan, 1994; Lee, Mande, & Ortman, 2004; Pittman & Fortin,
2004), with occasional studies in countries such as Australia (Beatty, 1989; Craswell, 1988), New Zealand (Firth, 1999; Firth
∗ Corresponding au论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

共 1/15 页首页上一页1234567下一页尾页

英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非

   Europe (24-hours)
   china (24-hours)