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The Association between Audit Fees and the Ownership Structure
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi, JongHag | - |
dc.contributor.author | Kwak, SuKeun | - |
dc.contributor.author | Yoo, HakSik | - |
dc.date.accessioned | 2009-03-04T03:56:27Z | - |
dc.date.available | 2009-03-04T03:56:27Z | - |
dc.date.issued | 2007-12 | - |
dc.identifier.citation | Seoul Journal of Business, Vol.13 No.2, pp. 83-103 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1813 | - |
dc.description.abstract | This study examines the association between ownership structure and
audit fess. Especially, this study focuses on the ownership structure measured by the divergence of control and ownership. If an owner owns a company through the pyramidal structure, it is possible that the voting rights of the owner are greater than the cash flow rights of the same owner. The difference could influence the firms audit-related policy and auditors behavior. This study examines this issue by focusing on audit fees. Using 436 firm-year observations collected over 2003-2005 period from Korean stock market and the divergence data provided by Korea Fair Trade Commission, we examine above prediction. The empirical results reveal that the audit fee is negatively correlated with the divergence. It suggests that the audit quality is lower when there exist greater divergence. It is because the divergence is related to the incentive for owners to expropriate minority shareholders. In order to hide the expropriation from outside minority shareholders, it is possible that the owner asks the auditor to provide low quality audit service which in turn results in low audit fees. | - |
dc.language.iso | en | - |
dc.publisher | College of Business Administration (경영대학) | - |
dc.subject | audit fees | - |
dc.subject | cash flow right | - |
dc.subject | voting right | - |
dc.subject | ownership structure | - |
dc.title | The Association between Audit Fees and the Ownership Structure | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 최종학 | - |
dc.contributor.AlternativeAuthor | 곽수균 | - |
dc.contributor.AlternativeAuthor | 유학식 | - |
dc.citation.journaltitle | Seoul Journal of Business | - |
dc.citation.endpage | 103 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 83-103 | - |
dc.citation.startpage | 83 | - |
dc.citation.volume | 13 | - |
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