| 題名: | Does Audit Firm Size Contribute to Audit Quality? Evidence from Two Emerging Markets |
| 作者: | Wang, Chen-Chin;Kung, Fan-Hua;Lin, Kai-Hsun |
| 貢獻者: | 淡江大學會計學系 |
| 關鍵詞: | audit quality;information asymmetric;Big N audit firms;bid-ask spread;emerging markets |
| 日期: | 2014/12/01 |
| 上傳時間: | 2015-04-20 11:05:18 (UTC+8) |
| 摘要: | This study investigated whether the Big N audit firms in emerging markets can provide audits of high quality and mitigate information risk, by comparing the audit quality of Big N audit firms in Taiwan with those in China. The two countries share a similar cultural background and engage in frequent economic exchange; however, they have different legal systems and institutional environments. This study followed previous research in the use of bid-ask spread and discretionary accruals as proxy variables for information asymmetry and audit quality. Our results indicate that politico-economic differences between Taiwan and China influence the effectiveness of independent auditors when it comes to the mitigation of information asymmetry. Big N audit firms in Taiwan helped to mitigate information asymmetry and provided audit services of higher quality, whereas Big N firms in China were better able to constrain earnings management. Our results indicate that market concentration and market share have a stronger influence on reputation incentive and audit quality than does the size of an audit firm. |
| 關聯: | Corporate Ownership and Control 11(2), p.108-119 |
| DOI: | 10.22495/cocv11i2p8 |
| 顯示於類別: | [會計學系暨研究所] 期刊論文
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