Did corporate governance compliance have an impact on auditor selection and quality? Evidence from FTSE 350
International Journal of Disclosure and Governance, ISSN: 1746-6539, Vol: 17, Issue: 2-3, Page: 51-60
2020
- 24Citations
- 157Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
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Article Description
This paper examines the possible effects of corporate governance (GC) on audit quality (AQ) among the FTSE 350 companies. Using a sample of 180 companies from 2012 to 2017 (i.e. 1080 firm-year observations) a binary logistic model has been employed to investigate the CG-AQ nexus. This analysis was supported by conducting a probit logistic model as a sensitivity analysis. Our findings are associative of a heterogeneous impact of CG on AQ post the implementation of the 2012 CG reforms in the UK. For example, although institutional ownership and management ownership can predict AQ, board independence, non-executive directors and audit committee are not attributed to AQ in the UK. This implies that corporate compliance with good CG practices has a limited impact on the decision to select a Big4 auditor in the UK. Despite the limitations of our study, we hope it can motivate further investigations in this area.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85087567366&origin=inward; http://dx.doi.org/10.1057/s41310-020-00074-1; https://link.springer.com/10.1057/s41310-020-00074-1; https://link.springer.com/content/pdf/10.1057/s41310-020-00074-1.pdf; https://link.springer.com/article/10.1057/s41310-020-00074-1/fulltext.html; https://dx.doi.org/10.1057/s41310-020-00074-1; https://link.springer.com/article/10.1057/s41310-020-00074-1
Springer Science and Business Media LLC
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