22 research outputs found
Lobbying Behavior of Governmental Entities: Evidence from Public Pension Accounting Rules
Full text linkThe effect of fiscal stress and balanced budget requirements on the funding and measurement of state pension obligations
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Audit quality, auditor compensation and initial public offering underpricing
Full text linkWe jointly study the impact of audit quality on auditor compensation and initial public offering (IPO) underpricing using a sample of Australian firms going public over the period 1996–2003. We find that quality (Big Four) audit firms earn significantly higher fees than non-Big Four auditors, and audit quality is positively associated with IPO underpricing. The positive relation between audit quality and underpricing is more pronounced for small issues, IPOs underwritten by non-prestigious underwriters, and those that are not backed by venture capitalists. Taken together, our results suggest that quality auditors serve as a signalling device that enhances post-issue market value of equity.<br /
An Empirical Investigation of Audit Pricing in the Public Sector: The Case of Greek LGOs
No full textThe determinants of auditor switching from the perspective of corporate governance in China
No full textDoes Mandated Disclosure Induce a Structural Change in the Determinants of Nonaudit Service Purchases?
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