Third-party auditor liability risk and trade credit policies

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2024-08-06 DOI:10.1016/j.bar.2024.101454

引用次数: 0

Abstract

We investigate the effect of Third-Party Auditor Liability (TPAL) risk on firms' trade credit policies. Exploiting the staggered state-level changes to TPAL in the US as a quasi-natural experiment, we find that firms in states with a higher risk of TPAL increase their use of trade credit. This relationship is more pronounced for firms with a more enhanced information environment, those with greater financial constraints, and those whose auditors are more exposed to litigation risk. Overall, our findings provide evidence of how TPAL affects firms’ short-term financing needs.

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第三方审计师责任风险和贸易信贷政策

我们研究了第三方审计师责任（TPAL）风险对企业贸易信贷政策的影响。利用美国各州对 TPAL 的交错修改作为准自然实验，我们发现在 TPAL 风险较高的州，企业会增加贸易信贷的使用。这种关系在信息环境更完善的企业、财务约束更强的企业以及审计师面临更多诉讼风险的企业中更为明显。总之，我们的研究结果为 TPAL 如何影响企业的短期融资需求提供了证据。

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.