DocumentCode
3271196
Title
Export oriented firms in financial crisis: An analysis of agency service fee
Author
Tianshu, Zhang ; Shijun, Zhao
Author_Institution
Accounting Sch., Shanghai Inst. of Foreign Trade, Shanghai, China
Volume
5
fYear
2010
fDate
22-24 June 2010
Abstract
In this paper we investigate the impact of incremental risk caused by 2008 financial crisis upon the service fee charged by agents. Using public statistic data, we find that operational risk of export oriented firm increases as a result of the financial crisis and audit fee is therefore charged more by auditors. However, for non-export oriented firms there isn´t significant increase. The incremental audit fee for export oriented firm is termed risk premium of agency service under the financial crisis.
Keywords
finance; statistical analysis; agency service fee; export oriented firms; financial crisis; operational risk; public statistic data; Companies; Computer science education; Educational technology; Electric shock; Loans and mortgages; Logic; Risk analysis; Statistics; Stock markets; US Government; export; financial crisis; risk premium;
fLanguage
English
Publisher
ieee
Conference_Titel
Education Technology and Computer (ICETC), 2010 2nd International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-4244-6367-1
Type
conf
DOI
10.1109/ICETC.2010.5530063
Filename
5530063
Link To Document