AUDIT FEES AND FIRM PERFORMANCE

• Tipo: Trabalho Académico
• Data: 2012

Autores

Vânia Moutinho (Autor) FEP; António Cerqueira (Autor) FEP; Elisio Brandão (Autor) FEP

Classificação Científica

FOS: Ciências sociais > Economia e gestão

CORDIS: Ciências Sociais > Economia > Ciência financeira

Outras Informações

Abstract (EN): There are multiple studies investigating firm performance, in particular studies identifying firm characteristics that drive performance. On the other hand, research on the pricing of audit fees provides credible evidence that the financial condition of a client is a critical factor, in the sense that riskier clients demand more thorough audit procedures. This study investigates the relationship between audit fees and firm performance. Using a sample of U.S. publicly traded, non-financial firms covering the period from 2000 to 2008, a fixed effects model is presented to estimate firm operating performance. The model included standard control variables, such as size, leverage, sales growth and research and development intensity. In addition, measures of corporate governance were introduced. This study provides empirical evidence on the relationship between firm performance and audit fees. Specifically, increases (decreases) in operating performance are connected with decreases (increases) in audit fees. This investigation provides initial grounds on the performance perspective of the stated association

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Notas: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2180020