Academic Journal
Audit market concentration, legal regime, and audit fees: An international investigation
| العنوان: | Audit market concentration, legal regime, and audit fees: An international investigation |
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| المؤلفون: | Lee, Eugenia Y., Choi, Jong‐Hag, Kim, Eunhee, Sunwoo, Hee‐Yeon |
| المصدر: | International Journal of Auditing ; volume 28, issue 1, page 206-225 ; ISSN 1090-6738 1099-1123 |
| بيانات النشر: | Wiley |
| سنة النشر: | 2023 |
| المجموعة: | Wiley Online Library (Open Access Articles via Crossref) |
| الوصف: | Despite regulators' on‐going concerns on the high concentration of the current audit market, the effects of concentration on auditors' behavior is still debated. We provide an answer to this unresolved issue by considering the role of legal regime in shaping auditors' pricing strategy in a concentrated market. Using data from 33 countries, we find no significant association between audit market concentration and audit fees in the pooled international sample. However, a country's legal regime changes this association dramatically: the association is significantly positive in countries with a weak legal regime but becomes weaker and eventually turns negative as countries' legal regime becomes stronger. Our study highlights the importance of country‐level institutions in determining how market structure affects market participants' behavior. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1111/ijau.12326 |
| الاتاحة: | http://dx.doi.org/10.1111/ijau.12326 https://onlinelibrary.wiley.com/doi/pdf/10.1111/ijau.12326 |
| Rights: | http://onlinelibrary.wiley.com/termsAndConditions#vor |
| رقم الانضمام: | edsbas.C13811DE |
| قاعدة البيانات: | BASE |
| DOI: | 10.1111/ijau.12326 |
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