Rank-and-file employee stock options and audit pricing: Evidence from S&P 1500 firms

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2024-06-11 DOI:10.1016/j.bar.2024.101422

引用次数: 0

Abstract

In this study, we examine the impact of rank-and-file employee stock options on audit fees. We document compelling evidence that option grants to rank-and-file employees are positively related to audit fees. Further analyses show that this positive relation is more pronounced when a firm's real earnings manipulation risk is higher and when rank-and-file employees are more sensitive to monetary incentives. We also find that options granted to rank-and-file employees are positively related to audit efforts. The evidence suggests that auditors perceive options to rank-and-file employees to be associated with increased audit risk.

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普通员工股票期权与审计定价：来自标准普尔 1500 指数公司的证据

在本研究中，我们考察了普通员工股票期权对审计费用的影响。我们记录了令人信服的证据，表明向普通员工授予期权与审计费用呈正相关。进一步的分析表明，当公司的实际盈利操纵风险较高且普通员工对货币激励更为敏感时，这种正相关关系更为明显。我们还发现，授予普通员工的期权与审计工作正相关。这些证据表明，审计师认为普通员工的期权与审计风险的增加有关。

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

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.