France’s joint-audit requirement and audit fees: The influence of ownership and governance

Abstract : Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a “Big” auditor premium. The results highlight that the presence of a “Big” among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two “Big” auditors. The choice of a “Major” auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor’s selection involving complementarity or substitution with external audit.
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Article dans une revue
Corporate Ownership & Control, 2014, Vol. 11 (n° 2), pp 388-401
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https://hal-neoma-bs.archives-ouvertes.fr/hal-01165527
Contributeur : Sandrine Palmer <>
Soumis le : vendredi 19 juin 2015 - 12:31:41
Dernière modification le : samedi 23 décembre 2017 - 09:28:02

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  • HAL Id : hal-01165527, version 1

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Mehdi Nekhili, Wafa Masmoudi Ayadi, Dhikra Chebbi. France’s joint-audit requirement and audit fees: The influence of ownership and governance. Corporate Ownership & Control, 2014, Vol. 11 (n° 2), pp 388-401. 〈hal-01165527〉

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