Title :
Risk, ownership and audit fee: Evidence from financial crisis
Author :
Tianshu, Zhang ; Shijun, Zhao
Author_Institution :
Accounting Sch., Shanghai Inst. of Foreign Trade, Shanghai, China
Abstract :
In this paper we investigate effect of the risk caused by 2008 financial crisis on audit fees between state owned enterprises (SOEs) and private firms. Using China´s listed company data, we find that firm operational risk increases as a result of the financial crisis and private companies are therefore charged more by auditors. However, for SOEs the risk premium of audit fee is insignificant under the financial crisis.
Keywords :
auditing; economic cycles; financial management; risk analysis; China listed company; audit fee; auditors; financial crisis; operational risk; ownership; private firms; state owned enterprises; Companies; Computer science education; Educational technology; Electric shock; Loans and mortgages; Logic; Packaging; Risk analysis; Stock markets; US Government; audit fee; financial crisis; risk premium;
Conference_Titel :
Education Technology and Computer (ICETC), 2010 2nd International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4244-6367-1
DOI :
10.1109/ICETC.2010.5529433
