Institutional ownership and the selection of industry specialist auditors

被引：5

作者：

Uma Velury

John T. Reisch

Dennis M. O'Reilly

机构：

[1] Department of Accounting and MIS, Alfred Lerner Coll. of Bus./Econ., University of Delaware, Newark

[2] Department of Accounting, School of Business, East Carolina University, Greenville

[3] Department of Accountancy, Williams College of Business, Xavier University, Cincinnati

来源：

Review of Quantitative Finance and Accounting | 2003年 / 21卷 / 1期

关键词：

Audit quality; Corporate governance; Industry specialization; Institutional ownership;

D O I：

10.1023/A:1024855605207

中图分类号：

学科分类号：

摘要：

This study provides evidence linking corporate governance mechanisms to the choice of auditor, namely industry specialists. Given that institutional investors are likely to prefer higher quality financial reports to lower quality reports, we theorize that institutional investors will influence managers of companies in which they invest to improve reporting quality by using higher quality, industry specialist auditors. Our findings indicate that firms having relatively greater levels of institutional ownership tend to employ industry specialist audit firms. The results of this study contribute to an understanding of an important facet of corporate governance, the selection of a high quality audit firm.

引用

页码：35 / 48

页数：13

共 44 条

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