Hometown sentiment: CEO hometown identity and company audit fees

IF 2.8 3区管理学 Q2 BUSINESS, FINANCE

Managerial Auditing Journal Pub Date : 2022-07-08 DOI:10.1108/maj-01-2022-3431

J. Lv, Shuang Zhang

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引用次数: 2

Abstract

Purpose The purpose of this study is to examine the impact of chief executive officer (CEO) hometown identity on company audit fees in the Chinese setting. Design/methodology/approach This study uses data from Chinese public companies in the Shanghai Stock Exchange and the Shenzhen Stock Exchange for the period 2008–2019. This study investigates the impact path of CEO hometown identity on company audit fees and further examines the moderating role of internal and external governance level. Findings This study finds that CEO hometown identity is significantly and negatively related to company audit fees. In addition, CEO hometown identity can reduce audit fees by alleviating agency risk and litigation risk. Moreover, the negative effect of CEO hometown identity on audit fees is more pronounced in companies with a higher percentage of institutional investors shareholding and more analysts tracking quantity. Practical implications This study may provide new references for executives’ selection, auditors’ optimization decisions and regulators’ information disclosure system. Originality/value This study contributes to the literature by exploring the effect of CEO hometown identity on audit fees in the context of China.

查看原文本刊更多论文

家乡情怀:CEO家乡身份与公司审计费用

目的研究中国背景下首席执行官(CEO)家乡认同对公司审计费用的影响。本研究使用了2008-2019年期间上海证券交易所和深圳证券交易所的中国上市公司的数据。本研究探讨CEO家乡认同对公司审计收费的影响路径，并进一步探讨内部治理水平和外部治理水平的调节作用。研究发现CEO家乡认同与公司审计费用显著负相关。此外，CEO的家乡身份可以通过减轻代理风险和诉讼风险来降低审计费用。此外，在机构投资者持股比例较高、分析师跟踪数量较多的公司中，CEO家乡身份对审计费用的负面影响更为明显。实践意义本研究可为高管的选择、审计人员的优化决策和监管机构的信息披露制度提供新的参考。原创性/价值本研究探讨中国背景下CEO家乡认同对审计费用的影响，对文献有所贡献。

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

Managerial Auditing Journal Multiple-

CiteScore

5.40

自引率

13.80%

发文量

期刊介绍： The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.