The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
Auditors' Governance Functions and Legal Environments: An International Investigation*
Open accessAbstract
This paper uses a set of firm-level data across 39 countries to study whether national legal environments increase or decrease auditors' governance functions in serving the bonding and signaling role. On the one hand, Big Five auditors may play a stronger governance role in weaker legal environments because they are good substitutes for legal protection of outside investors and risky firms find Big Five auditors more affordable due to lower litigation costs. On the other hand, a country's poor legal environment may significantly weaken the demand and supply of quality audits, lessening their role as a bonding mechanism and a credible signal. Our empirical results provide support to the former view that Big Five auditors fulfill a stronger governance function in weaker legal environments.
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Cites
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Cited by
A review of archival auditing research
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Audit Pricing, Legal Liability Regimes, and Big 4 Premiums: Theory and Cross‐country Evidence*
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Self-citationConnecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle
Aguilera, R. V., Desender, K. A., Bednar, M. K., & Lee, J. H. (2015) · Academy of Management Annals · doi:10.1080/19416520.2015.1024503 · Cited by 502
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Metadata
- Authors
- Choi, J., & Wong, T. J.
- Venue
- Contemporary Accounting Research
- Publisher
- Wiley
- Published
- 2007-03
- Volume
- 24
- Issue
- 1
- Pages
- 13-46
- ISSN
- 0823-9150 (ISSN-L)
- 1911-3846
- OpenAlex
- W3125654778
- Cited by
- 489
- References
- 40
- FWCI
- 66.88
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
