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Empirical analysis of the economic demand for auditing in the initial public offerings market

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Cited by:

  1. Joseph Weber & Michael Willenborg & Jieying Zhang, 2008. "Does Auditor Reputation Matter? The Case of KPMG Germany and ComROAD AG," Journal of Accounting Research, Wiley Blackwell, vol. 46(4), pages 941-972, September.
  2. Dennis M. O'Reilly & Robert A. Leitch & Brad Tuttle, 2006. "An Experimental Test of the Interaction of the Insurance and Information†Signaling Hypotheses in Auditing," Contemporary Accounting Research, John Wiley & Sons, vol. 23(1), pages 267-289, March.
  3. Sattar A. Mansi & William F. Maxwell & Darius P. Miller, 2004. "Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market," Journal of Accounting Research, Wiley Blackwell, vol. 42(4), pages 755-793, September.
  4. Dimitrios Gounopoulos & Georgios Loukopoulos & Panagiotis Loukopoulos, 2024. "Corporate political activism, information transparency and IPO compliance costs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(1-2), pages 240-275, January.
  5. Fouad Jamaani & Manal Alidarous, 2023. "Does the appointment of the three musketeers reduce IPO underpricing? global evidence," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(4), pages 887-929, December.
  6. Steve Fortin & Jeffrey A. Pittman, 2007. "The Role of Auditor Choice in Debt Pricing in Private Firms," Contemporary Accounting Research, John Wiley & Sons, vol. 24(3), pages 859-896, September.
  7. Andrew J. Leone & Steve Rock & Michael Willenborg, 2007. "Disclosure of Intended Use of Proceeds and Underpricing in Initial Public Offerings," Journal of Accounting Research, Wiley Blackwell, vol. 45(1), pages 111-153, March.
  8. Natalia Matanova & Tanja Steigner & Bingsheng Yi & Qiancheng Zheng, 2019. "Going concern opinions and IPO pricing accuracy," Review of Quantitative Finance and Accounting, Springer, vol. 53(1), pages 195-238, July.
  9. Cao, Xiaping & Wang, Yuchen & Zhou, Sili, 2018. "Anti-corruption campaigns and corporate information release in China," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 186-203.
  10. Bingyi Chen & Jenelle K. Conaway, 2022. "Do U.S. Investors Value Foreign Component Auditors?," Journal of Accounting Research, Wiley Blackwell, vol. 60(3), pages 805-851, June.
  11. Zhifeng Yang, 2013. "Do Political Connections Add Value to Audit Firms? Evidence from IPO Audits in China," Contemporary Accounting Research, John Wiley & Sons, vol. 30(3), pages 891-921, September.
  12. Yi-Fang Yang & Lee-Wen Yang & Min-Ning Lee, 2015. "Service Quality, Size, And Performance Of Audit Firms: Consideration Of Market Segments And Business Strategies," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 9(4), pages 51-66.
  13. Hans B. Christensen & Luzi Hail & Christian Leuz, 2021. "Mandatory CSR and sustainability reporting: economic analysis and literature review," Review of Accounting Studies, Springer, vol. 26(3), pages 1176-1248, September.
  14. Copley, Paul & Douthett, Edward & Zhang, Suning, 2021. "Venture capitalists and assurance services on initial public offerings," Journal of Business Research, Elsevier, vol. 131(C), pages 278-286.
  15. Ball, Ray & Jayaraman, Sudarshan & Shivakumar, Lakshmanan, 2012. "Audited financial reporting and voluntary disclosure as complements: A test of the Confirmation Hypothesis," Journal of Accounting and Economics, Elsevier, vol. 53(1), pages 136-166.
  16. Reinhard Schrank, 2021. "The Impact of Damage Apportionment on Internal Control System Quality and Financial Reporting Accuracy," Abacus, Accounting Foundation, University of Sydney, vol. 57(2), pages 251-296, June.
  17. Henock Louis & Thomas C. Pearson & Dahlia M. Robinson & Michael N. Robinson & Amy X. Sun, 2019. "The Effects of the Extant Clauses Limiting Auditor Liability on Audit Fees and Overall Reporting Quality," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 16(2), pages 381-410, June.
  18. Denis Cormier & Daniel Coulombe & Luania Gomez Gutierrez & Bruce J. Mcconomy, 2018. "Firms in Transition: A Review of the Venture Capital, IPO, and M&A Literature," Accounting Perspectives, John Wiley & Sons, vol. 17(1), pages 9-88, March.
  19. Michael Minnis, 2011. "The Value of Financial Statement Verification in Debt Financing: Evidence from Private U.S. Firms," Journal of Accounting Research, Wiley Blackwell, vol. 49(2), pages 457-506, May.
  20. Sun, Jerry & Liu, Guoping, 2009. "The impact of the CSRC Regulation No. 12-1996 on the credibility of Chinese IPO earnings forecasts," Global Finance Journal, Elsevier, vol. 20(2), pages 165-179.
  21. Cook, Jonathan & Kowaleski, Zachary T. & Minnis, Michael & Sutherland, Andrew & Zehms, Karla M., 2020. "Auditors are known by the companies they keep," Journal of Accounting and Economics, Elsevier, vol. 70(1).
  22. Xiaomei Han & Wei Luo & Liansheng Wu & Wei Zhou, 2023. "Audit Effort and Stock Price Crash Risk," Abacus, Accounting Foundation, University of Sydney, vol. 59(1), pages 230-257, March.
  23. Joseph Weber & Michael Willenborg, 2003. "Do Expert Informational Intermediaries Add Value? Evidence from Auditors in Microcap Initial Public Offerings," Journal of Accounting Research, Wiley Blackwell, vol. 41(4), pages 681-720, September.
  24. Joseph Gerakos & Chad Syverson, 2015. "Competition in the Audit Market: Policy Implications," Journal of Accounting Research, Wiley Blackwell, vol. 53(4), pages 725-775, September.
  25. Justin Logie & Warren Maroun, 2021. "Evaluating Audit Quality Using the Results of Inspection Processes Performed by an Independent Regulator," Australian Accounting Review, CPA Australia, vol. 31(2), pages 128-149, June.
  26. Westfall, Tiffany J. & Myring, Mark, 2022. "Are voluntary internal control weakness disclosures in initial public offerings associated with managerial ability and subsequent financial reporting quality?," Advances in accounting, Elsevier, vol. 59(C).
  27. Lee, Cheol & Park, Myung S., 2013. "Subjectivity in fair-value estimates, audit quality, and informativeness of other comprehensive income," Advances in accounting, Elsevier, vol. 29(2), pages 218-231.
  28. David C. Hay & W. Robert Knechel & Norman Wong, 2006. "Audit Fees: A Meta†analysis of the Effect of Supply and Demand Attributes," Contemporary Accounting Research, John Wiley & Sons, vol. 23(1), pages 141-191, March.
  29. Willenborg, Michael & McKeown, J.C.James C., 2000. "Going-concern initial public offerings," Journal of Accounting and Economics, Elsevier, vol. 30(3), pages 279-313, December.
  30. Goktan, M. Sinan & Muslu, Volkan, 2018. "Benefits of public reporting: Evidence from IPOs backed by listed private equity firms," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 669-688.
  31. Li-Jen He & Jianxiong Chen, 2021. "Does Mandatory Audit Partner Rotation Influence Auditor Selection Strategies?," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
  32. Paul A. Copley & Edward B. Douthett, 2002. "The Association between Auditor Choice, Ownership Retained, and Earnings Disclosure by Firms Making Initial Public Offerings," Contemporary Accounting Research, John Wiley & Sons, vol. 19(1), pages 49-76, March.
  33. repec:mth:ijafr8:v:8:y:2018:i:4:p:287-306 is not listed on IDEAS
  34. Guangming Gong & Liang Xiao & Si Xu & Xun Gong, 2019. "Do Bond Investors Care About Engagement Auditors’ Negative Experiences? Evidence from China," Journal of Business Ethics, Springer, vol. 158(3), pages 779-806, September.
  35. Chi, Hsin-Yi & Weng, Tzu-Ching, 2014. "Managerial legal liability and Big 4 auditor choice," Journal of Business Research, Elsevier, vol. 67(9), pages 1857-1869.
  36. Incardona, John & Kannan, Yezen & Premuroso, Ronald & Higgs, Julia L. & Huang, Ivy, 2014. "Taxing audit markets and reputation: An examination of the U.S. tax shelter controversy," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 23(1), pages 18-31.
  37. Catherine M. Daily & S. Trevis Certo & Dan R. Dalton & Rungpen Roengpitya, 2003. "IPO Underpricing: A Meta–Analysis and Research Synthesis," Entrepreneurship Theory and Practice, , vol. 27(3), pages 271-295, July.
  38. Dambra, Michael & Field, Laura Casares & Gustafson, Matthew T., 2015. "The JOBS Act and IPO volume: Evidence that disclosure costs affect the IPO decision," Journal of Financial Economics, Elsevier, vol. 116(1), pages 121-143.
  39. Larcker, David F. & Rusticus, Tjomme O., 2010. "On the use of instrumental variables in accounting research," Journal of Accounting and Economics, Elsevier, vol. 49(3), pages 186-205, April.
  40. Liu, Jing, 2007. "The impact of credit rating watchlist and effect of underwriter reputation on IPO underpricing," ISU General Staff Papers 2007010108000016596, Iowa State University, Department of Economics.
  41. Gus De Franco & Yuyan Guan & Yibin Zhou & Xindong Zhu, 2024. "The Impact of Credit Market Development on Auditor Choice: Evidence from Banking Deregulation," Journal of Accounting Research, Wiley Blackwell, vol. 62(2), pages 589-634, May.
  42. Mingcherng Deng & Nahum Melumad & Toshi Shibano, 2012. "Auditors’ Liability, Investments, and Capital Markets: A Potential Unintended Consequence of the Sarbanes‐Oxley Act," Journal of Accounting Research, Wiley Blackwell, vol. 50(5), pages 1179-1215, December.
  43. Nader Naifar, 2011. "Explaining IPOs Underpricing in the Tunisian Market," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 10(3), pages 311-336, December.
  44. Anna Bergman Brown & Nicole M. Heron & Hagit Levy & Emanuel Zur, 2023. "StoneRidge Investment Partners v. Scientific Atlanta: A Test of Auditor Litigation Risk," Journal of Business Ethics, Springer, vol. 187(3), pages 517-538, October.
  45. Philip Brown & Alexey Feigin & Andrew Ferguson, 2014. "Market reactions to the reports of a star resource analyst," Australian Journal of Management, Australian School of Business, vol. 39(1), pages 137-158, February.
  46. Mansour Saaydah, 2021. "Factors Causing Discretionary Auditor Change in the Insurance Industry: Evidence from Jordan," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 344-362.
  47. Datta, Sudip & Gruskin, Mark & Iskandar-Datta, Mai, 2024. "Auditor certification and long-run performance of IPO stocks," Journal of Financial Stability, Elsevier, vol. 70(C).
  48. Ben Ali Chiraz & Cédric Lesage, 2010. "Ownership concentration and audit fees: do auditors matter most when investors are protected least?," Post-Print hal-00476923, HAL.
  49. Aggarwal, Reena & Klapper, Leora, 2003. "Ownership structure and initial public offerings," Policy Research Working Paper Series 3103, The World Bank.
  50. Friedrich, Christian & Quick, Reiner, 2024. "Do non-audit service failures impair auditor reputation? An analysis of KPMG advisory service scandals in Germany," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 98(C).
  51. Monika Causholli & W. Robert Knechel, 2012. "Lending relationships, auditor quality and debt costs," Managerial Auditing Journal, Emerald Group Publishing, vol. 27(6), pages 550-572, June.
  52. Todd A. Gormley & Bong Hwan Kim & Xiumin Martin, 2012. "Do Firms Adjust Their Timely Loss Recognition in Response to Changes in the Banking Industry?," Journal of Accounting Research, Wiley Blackwell, vol. 50(1), pages 159-196, March.
  53. Shi, Wei & Wang, Rencheng, 2012. "Dynamic internal control performance over financial reporting and external financing," Journal of Contemporary Accounting and Economics, Elsevier, vol. 8(2), pages 92-109.
  54. Teddy Lazebnik & Tzach Fleischer & Amit Yaniv-Rosenfeld, 2023. "Benchmarking Biologically-Inspired Automatic Machine Learning for Economic Tasks," Sustainability, MDPI, vol. 15(14), pages 1-9, July.
  55. Clive S. Lennox & Chul W. Park, 2007. "Audit Firm Appointments, Audit Firm Alumni, and Audit Committee Independence," Contemporary Accounting Research, John Wiley & Sons, vol. 24(1), pages 235-258, March.
  56. Jinhan Pae & Tae Choi, 2011. "Corporate Governance, Commitment to Business Ethics, and Firm Valuation: Evidence from the Korean Stock Market," Journal of Business Ethics, Springer, vol. 100(2), pages 323-348, May.
  57. Jeong-Bon Kim & Byron Song & Judy Tsui, 2013. "Auditor size, tenure, and bank loan pricing," Review of Quantitative Finance and Accounting, Springer, vol. 40(1), pages 75-99, January.
  58. El Ghoul, Sadok & Guedhami, Omrane & Pittman, Jeffrey, 2016. "Cross-country evidence on the importance of Big Four auditors to equity pricing: The mediating role of legal institutions," Accounting, Organizations and Society, Elsevier, vol. 54(C), pages 60-81.
  59. Brian M. Burnett & Elizabeth A. Gordon & Bjorn N. Jorgensen & Cheryl L. Linthicum, 2015. "Earnings Quality: Evidence from Canadian Firms' Choice between IFRS and U.S. GAAP," Accounting Perspectives, John Wiley & Sons, vol. 14(3), pages 212-249, September.
  60. Doogar, Rajib, 2001. "Discussion of Fargher, Taylor, and Simon's "The demand for auditor reputation across international markets for audit services"," The International Journal of Accounting, Elsevier, vol. 36(4), pages 423-428, 012.
  61. Jean Bédard & Daniel Coulombe & Lucie Courteau, 2008. "Audit Committee, Underpricing of IPOs, and Accuracy of Management Earnings Forecasts," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(6), pages 519-535, November.
  62. Chy, Mahfuz & De Franco, Gus & Su, Barbara, 2021. "The effect of auditor litigation risk on clients' access to bank debt: Evidence from a quasi-experiment," Journal of Accounting and Economics, Elsevier, vol. 71(1).
  63. Klaus Ruhnke, 2003. "Nutzen von Abschlussprüfungen: Bezugsrahmen und Einordnung empirischer Studien," Schmalenbach Journal of Business Research, Springer, vol. 55(3), pages 250-280, May.
  64. Chen, Yibiao & Wang, Steven Shuye & Li, Wei & Sun, Qian & Tong, Wilson H.S., 2015. "Institutional environment, firm ownership, and IPO first-day returns: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 150-168.
  65. Yasemin KARAIBRAHIMOGLU, 2013. "Is Corporate Governance A Determinant of Auditor Choice?-Evidence From Turkey," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 13(2), pages 273-284.
  66. Numata, Shingo & Takeda, Fumiko, 2010. "Stock market reactions to audit failure in Japan: The case of Kanebo and ChuoAoyama," The International Journal of Accounting, Elsevier, vol. 45(2), pages 175-199, June.
  67. Dr. Baker Ahmad Aledwan & Dr. Omar Mohammed Zraqat & Dr. Lina Fuad Murwih Hussien, 2017. "The Impact of Ownership Structure on the Insurance Companies Applicability of Corporate Governance Instructions," Journal of Business & Management (COES&RJ-JBM), , vol. 5(3), pages 131-152, July.
  68. Foster, Benjamin P. & Shastri, Trim, 2016. "Determinants of going concern opinions and audit fees for development stage enterprises," Advances in accounting, Elsevier, vol. 33(C), pages 68-84.
  69. Dusica STEVCEVSKA SRBINOSKA, 2022. "Audit modifications in emerging markets: The Macedonian Stock Exchange," Romanian Journal of Economics, Institute of National Economy, vol. 55(2(64)), pages 43-69, December.
  70. Wei Ting & Sin‐Hui Yen & Chien‐Liang Chiu, 2008. "The Influence of Qualified Foreign Institutional Investors on the Association between Default Risk and Audit Opinions: Evidence from the Chinese Stock Market," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(5), pages 400-415, September.
  71. Girish K. Nair & Lewlyn Lester Raj Rodrigues, 2013. "Dynamics of Financial System: A System Dynamics Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 14-26.
  72. Badru, Bazeet O. & Ahmad-Zaluki, Nurwati A. & Wan-Hussin, Wan Nordin, 2017. "Board characteristics and the amount of capital raised in the Malaysian IPO market," Journal of Multinational Financial Management, Elsevier, vol. 42, pages 37-55.
  73. Paul J. Coram & Theodore J. Mock & Jerry L. Turner & Glen L. Gray, 2011. "The Communicative Value of the Auditor's Report," Australian Accounting Review, CPA Australia, vol. 21(3), pages 235-252, September.
  74. Lin, Z. Jun & Liu, Ming, 2009. "The impact of corporate governance on auditor choice: Evidence from China," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 18(1), pages 44-59.
  75. Bedford, Anna & Bugeja, Martin & Czernkowski, Robert & Bond, David, 2023. "Is the effect of shared auditors driven by shared audit partners? The case of M&As," The British Accounting Review, Elsevier, vol. 55(2).
  76. Liu, Ye & Liu, Jingzhe & Ai, Wei & Wang, Zengxiang & An, Yunbi, 2022. "Agency conflicts in co-regulation: Evidence from IPO application screening in China," International Review of Financial Analysis, Elsevier, vol. 82(C).
  77. Chen, Jun & Ke, Bin & Wu, Donghui & Yang, Zhifeng, 2018. "The consequences of shifting the IPO offer pricing power from securities regulators to market participants in weak institutional environments: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 349-370.
  78. Lennox, Clive & Li, Bing, 2012. "The consequences of protecting audit partners’ personal assets from the threat of liability," Journal of Accounting and Economics, Elsevier, vol. 54(2), pages 154-173.
  79. Francis, Jere R., 2004. "What do we know about audit quality?," The British Accounting Review, Elsevier, vol. 36(4), pages 345-368.
  80. Duff, Angus & Einig, Sandra, 2009. "Understanding credit ratings quality: Evidence from UK debt market participants," The British Accounting Review, Elsevier, vol. 41(2), pages 107-119.
  81. Xin Chang & André F. Gygax & Elaine Oon & Hong Feng Zhang, 2008. "Audit quality, auditor compensation and initial public offering underpricing," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 391-416, September.
  82. Balasingham Balachandran & Robert Faff & Lily H. G. Nguyen & Premkanth Puwanenthiren, 2020. "The impact of audit quality in rights offerings," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 2007-2037, September.
  83. Totok Budisantoso & Rahmawati Rahmawati & Bandi Bandi & Agung Nur Probohudono, 2017. "Audit Opinion Accuracy, Corporate Governance and Downward Auditor Switching: A Study of Association of Southeast Asian Nations Economics Community," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 530-540.
  84. Dang, Man & Puwanenthiren, Premkanth & Truong, Cameron & Henry, Darren & Vo, Xuan Vinh, 2022. "Audit quality and seasoned equity offerings methods," International Review of Financial Analysis, Elsevier, vol. 83(C).
  85. Stefano Azzali & Tatiana Mazza, 2017. "The Association between Big4 and Cost of Debt in Private Firms," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2017(1), pages 63-82.
  86. Mohd Rashid, Rasidah & Abdul-Rahim, Ruzita & Yong, Othman, 2014. "The influence of lock-up provisions on IPO initial returns: Evidence from an emerging market," Economic Systems, Elsevier, vol. 38(4), pages 487-501.
  87. Chang, Xin & Dasgupta, Sudipto & Hilary, Gilles, 2005. "The Effect of Auditor Choice on Financing Decisions," CEI Working Paper Series 2005-10, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  88. Chang Xu, 2017. "Dose Underwriter Credit and its Guiding Function Have Impact on IPO Break in China?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(5), pages 36-43, May.
  89. Palazuelos Cobo, Estefanía & Montoya del Corte, Javier & Herrero Crespo, Ángel, 2017. "Determinantes de la continuidad en la contratación de la auditoría de forma voluntaria: evidencia para el caso de España," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 20(1), pages 63-72.
  90. Amir Michael & Rob Dixon, 2019. "Audit data analytics of unregulated voluntary disclosures and auditing expectations gap," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 16(4), pages 188-205, December.
  91. Gounopoulos, Dimitrios & Kallias, Antonios & Kallias, Konstantinos & Tzeremes, Panayiotis G., 2017. "Political money contributions of U.S. IPOs," Journal of Corporate Finance, Elsevier, vol. 43(C), pages 19-38.
  92. Koch, Christopher & Schmidt, Carsten, 2010. "Disclosing conflicts of interest - Do experience and reputation matter?," Accounting, Organizations and Society, Elsevier, vol. 35(1), pages 95-107, January.
  93. Carey, Peter & Fang, Victor & Zhang, Hong Feng, 2016. "The role of optimistic news stories in IPO pricing," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 41(C), pages 16-29.
  94. Brad Badertscher & Bjorn Jorgensen & Sharon Katz & William Kinney, 2014. "Public Equity and Audit Pricing in the United States," Journal of Accounting Research, Wiley Blackwell, vol. 52(2), pages 303-339, May.
  95. Bley, Jorg & Saad, Mohsen & Samet, Anis, 2019. "Auditor choice and bank risk taking," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 37-52.
  96. Timothy B. Bell & Rajib Doogar & Ira Solomon, 2008. "Audit Labor Usage and Fees under Business Risk Auditing," Journal of Accounting Research, Wiley Blackwell, vol. 46(4), pages 729-760, September.
  97. DeFond, Mark & Zhang, Jieying, 2014. "A review of archival auditing research," Journal of Accounting and Economics, Elsevier, vol. 58(2), pages 275-326.
  98. Anna P. I. Vong & Duarte Trigueiros, 2017. "Evidence on the effect of ‘Claw-Back’ provisions on IPO share allocation and underpricing in Hong Kong," Applied Economics, Taylor & Francis Journals, vol. 49(51), pages 5231-5244, November.
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