Association between executives’ foreign background and audit fees

IF 3.6 Q1 BUSINESS, FINANCE
Wunhong Su, Chen Yin
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引用次数: 0

Abstract

Purpose This study aims to investigate the association between executives with foreign backgrounds and the audit fees paid by the Chinese-listed firms over the period from 2010 to 2020. Design/methodology/approach To examine the association between executives’ foreign experience and audit fees, this study constructs the following empirical model: Lnfeei,t = β0 + β1Foreign backgroundi,t + ∑βj Controli,t + YearFE + IndFE + εi,t (1). Findings This study finds that auditors charge higher fees for firms hiring more executives with foreign backgrounds. The results are robust to a battery of robustness checks, including fixed effects, alternative measures of independent variable, controlling for other characteristics of executives and auditors and entropy balancing method. Originality/value This study sheds light on how executives’ foreign backgrounds affect audit fees, enriching the literature on executive heterogeneity and audit fees and providing important implications for audit practitioners.
高管的外国背景与审计费用之间的关系
设计/方法/途径为了检验高管的海外经历与审计费用之间的关系,本研究构建了以下实证模型:Lnfeei,t = β0 + β1Foreign backgroundi,t + ∑βj Controli,t + YearFE + IndFE + εi,t (1).研究结果本研究发现,审计师对聘用更多具有国外背景的高管的公司收取更高的费用。该研究揭示了高管的外国背景如何影响审计费用,丰富了有关高管异质性和审计费用的文献,并为审计从业人员提供了重要启示。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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