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France’s joint-audit requirement and audit fees: The influence of ownership and governance

Author

Listed:
  • Mehdi Nekhili

    (NEOMA - Neoma Business School, URCA - Université de Reims Champagne-Ardenne)

  • Wafa Masmoudi Ayadi

    (Université de Sfax - University of Sfax)

  • Dhikra Chebbi

    (GAINS - ARGUMANS - Atelier De Recherche En Gestion De L'université Du Mans - GAINS - Groupe d'Analyse des Itinéraires et des Niveaux Salariaux - UM - Le Mans Université)

Abstract

Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a "Big" auditor premium. The results highlight that the presence of a "Big" among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two "Big" auditors. The choice of a "Major" auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor's selection involving complementarity or substitution with external audit.

Suggested Citation

  • Mehdi Nekhili & Wafa Masmoudi Ayadi & Dhikra Chebbi, 2014. "France’s joint-audit requirement and audit fees: The influence of ownership and governance," Post-Print hal-01165527, HAL.
    • Handle: RePEc:hal:journl:hal-01165527
    as

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