Foreign ownership and auditor choice

Journal of Accounting and Public Policy - Tập 33 - Trang 401-418 - 2014
Xianjie He1, Oliver Rui2, Liu Zheng3, Hongjun Zhu1
1Shanghai University of Finance and Economics, Shanghai, China
2China Europe International Business School, Shanghai, China
3City University of Hong Kong, Hong Kong

Tài liệu tham khảo

Aggarwal, 2011, Does governance travel around the world? Evidence from institutional investors, J. Financ. Econ., 100, 154, 10.1016/j.jfineco.2010.10.018 Ai, 2003, Interaction terms in logit and probit models, Econom. Lett., 80, 123, 10.1016/S0165-1765(03)00032-6 Armstrong, 2010, Chief executive officer equity incentives and accounting irregularities, J. Account. Res., 48, 225, 10.1111/j.1475-679X.2009.00361.x Bekaert, 2002, Dating the integration of world capital markets, J. Financ. Econ., 65, 203, 10.1016/S0304-405X(02)00139-3 Beneish, 2008, Information friction and investor home bias: a perspective on the effect of global IFRS adoption on the extent of equity home bias, J. Account. Public Policy, 27, 433, 10.1016/j.jaccpubpol.2008.09.001 Berger, 2013, How does capital affect bank performance during financial crises?, J. Financ. Econ., 109, 146, 10.1016/j.jfineco.2013.02.008 Bushman, 2004, What determines corporate transparency?, J. Account. Res., 42, 207, 10.1111/j.1475-679X.2004.00136.x Chen, 2007, Market competitiveness and Big 5 pricing: evidence from China’s binary market, Int. J. Account., 42, 1, 10.1016/j.intacc.2006.12.001 Cheng, 2013, Does investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting?, J. Account. Econom., 56, 1, 10.1016/j.jacceco.2013.03.001 China Securities Depository and Clearing Corporation Limited, 2005. China Securities Registration and Settlement: Statistical Yearbook, 2004. http://www.chinaclear.cn/old_files/1121521016100.pdf. China Securities Depository and Clearing Corporation Limited, 2008. China Securities Registration and Settlement: Statistical Yearbook 2007. http://www.chinaclear.cn/old_files/1213777409636.pdf. Choi, 2007, Auditor’s governance functions and legal environments: an international investigation, Contemp. Account. Res., 24, 13, 10.1506/X478-1075-4PW5-1501 Claessens, 2002, Disentangling the incentive and entrenchment effects of large shareholdings, J. Finan., 57, 2741, 10.1111/1540-6261.00511 Dechow, 1996, Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC, Contemp. Account. Res., 13, 1, 10.1111/j.1911-3846.1996.tb00489.x Fan, 2006 Fan, 2002, Corporate ownership structure and the informativeness of accounting earnings in East Asia, J. Account. Econom., 33, 401, 10.1016/S0165-4101(02)00047-2 Fan, 2005, Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia, J. Account. Res., 43, 35, 10.1111/j.1475-679x.2004.00162.x Ferreira, 2008, The colors of investors’ money: the role of institutional investors around the world, J. Financ. Econ., 88, 499, 10.1016/j.jfineco.2007.07.003 Francis, 1988, Auditor changes: a joint test of theories relating to agency costs and auditor differentiation, Account. Rev., 63, 663 Francis, 2003, The role of accounting and auditing in corporate governance and the development of financial markets around the world, Asia Pacific J. Account. Econom., 10, 1, 10.1080/16081625.2003.10510613 Gillan, 2003, Corporate governance, corporate ownership, and the role of institutional investors: a global perspective, J. Appl. Finan., 13, 4 Guedhami, 2009, Auditor choice in privatized firms: empirical evidence on the role of state and foreign owners, J. Account. Econom., 48, 151, 10.1016/j.jacceco.2009.08.003 Gul, 2010, Ownership concentration, foreign shareholding, audit quality, and stock price synchronicity: evidence from China, J. Financ. Econ., 95, 425, 10.1016/j.jfineco.2009.11.005 International Accounting Standards Board, 2006. China affirms commitment to converge with IFRSs. Press release, February 15. http://www.ifrs.org/News/Announcements-and-Speeches/Pages/China-affirms-commitment-to-converge-with-IFRSs.aspx. Jensen, 1976, Theory of the firm: managerial behavior, agency costs, and ownership structure, J. Financ. Econ., 3, 305, 10.1016/0304-405X(76)90026-X Jian, 2010, Propping through related party transactions, Rev. Acc. Stud., 15, 70, 10.1007/s11142-008-9081-4 Jiang, 2010, Tunneling through inter-corporate loans: the China experience, J. Financ. Econ., 98, 1, 10.1016/j.jfineco.2010.05.002 Kang, 1997, Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan, J. Financ. Econ., 46, 3, 10.1016/S0304-405X(97)00023-8 La Porta, 2002, Investor protection and corporate valuation, J. Finan., 57, 1147, 10.1111/1540-6261.00457 Leuz, 2003, Earnings management and investor protection: an international comparison, J. Financ. Econ., 69, 505, 10.1016/S0304-405X(03)00121-1 Leuz, 2009, Do foreigners invest less in poorly governed firms?, Rev. Finan. Stud., 23, 3245, 10.1093/rfs/hhn089.ra Lin, 2009, The impact of corporate governance on auditor choice: evidence from China, J. Int. Account., Auditing Tax., 18, 44, 10.1016/j.intaccaudtax.2008.12.005 Norton, 2004, Computing interaction effects and standard errors in logit and probit models, Stata J, 4, 154, 10.1177/1536867X0400400206 Piotroski, 2012, Institutions and information environment of Chinese listed firms Roychowdhury, 2006, Earnings management through real activities manipulation, J. Account. Econom., 42, 335, 10.1016/j.jacceco.2006.01.002 Wang, 2008, State ownership, institutional environment, and auditor choice: evidence from China, J. Account. Econom., 46, 112, 10.1016/j.jacceco.2008.04.001