审计质量、事务所价值与审计费用:审计任期重要吗?埃及的证据

IF 3.3 Q1 BUSINESS, FINANCE
Saleh Aly Saleh Aly, Ahmed Diab, Samir Ibrahim Abdelazim
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引用次数: 0

摘要

本研究旨在探讨审计费用对审计质量的影响,审计质量对公司价值的影响,以及这些影响是否以审计任期为条件。设计/方法/方法使用不同的回归技术,如逻辑回归、概率回归、普通最小二乘回归和固定效应回归。作者使用了2016-2020年间80家非金融类埃及上市公司的面板数据。作者发现审计费用与审计质量之间存在显著的正相关关系,审计质量与事务所价值之间存在显著的正相关关系。此外,作者还发现,审计费用与审计质量之间的正相关关系在高审计任期的公司中不那么明显。最后,作者还发现,审计质量与事务所价值之间的正相关关系在审计任期较短的事务所中更为强烈。原创性/价值据作者所知,这是第一个从新兴非洲市场获得证据,证明审计任期、审计费用、审计质量和事务所价值之间存在联合关系的研究。它为监管机构提供了关于提高审计质量的可能性和好处的有益见解,这在治理体系薄弱的情况下是非常需要的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Audit quality, firm value and audit fees: does audit tenure matter? Egyptian evidence

Purpose

This study aims to investigate the impact of audit fees on audit quality, the impact of audit quality on firm value and whether these effects are conditional on audit tenure by bringing evidence from an emerging market.

Design/methodology/approach

Different regression techniques are used, such as logistic regression, probit regression, ordinary least squares regression and fixed effects regression. The authors used panel data of 80 nonfinancial Egyptian-listed firms over 2016–2020.

Findings

The authors found a significant positive relationship between audit fees and audit quality and a significant positive relationship between audit quality and firm value. Furthermore, the authors found that the positive relationship between audit fees and audit quality is less pronounced for higher audit tenure firms. Finally, the authors also found that the positive relationship between audit quality and firm value is stronger for lower audit tenure firms.

Originality/value

To the best of the authors’ knowledge, this is the first study to bring evidence from an emerging African market about the joint association between audit tenure, audit fees, audit quality and firm value. It provides beneficial insights to regulators regarding the possibility and the benefits of improving audit quality, which is critically needed in contexts with weak governance systems.

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来源期刊
CiteScore
5.80
自引率
16.00%
发文量
65
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