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Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners

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dc.contributor.author Guedhami O.
dc.contributor.author Pittman J.A.
dc.contributor.author Saffar W.
dc.contributor.editor
dc.date 2009
dc.date.accessioned 2017-09-07T07:51:17Z
dc.date.available 2017-09-07T07:51:17Z
dc.date.issued 2009
dc.identifier 10.1016/j.jacceco.2009.08.003
dc.identifier.issn 1654101
dc.identifier.uri http://hdl.handle.net/10938/12058
dc.description.abstract We rely on a unique dataset of 176 privatizations from 32 countries to extend recent research on the link between the political economy and accounting transparency by examining the importance of shareholders' proportionate holdings to auditor choice. Consistent with our predictions on shareholders' diverging interests in high-quality financial reporting that manifests in auditor choice, we report strong, robust evidence that privatized firms worldwide become less (more) likely to appoint a Big Four auditor with the extent of state (foreign) ownership. Moreover, we find that these relations between shareholders' equity stakes and auditor choice strengthen when country-level governance institutions are weaker. © 2009 Elsevier B.V. All rights reserved.
dc.format.extent
dc.format.extent Pages: (151-171)
dc.language English
dc.publisher AMSTERDAM
dc.relation.ispartof Publication Name: Journal of Accounting and Economics; Publication Year: 2009; Volume: 48; no. 41673; Pages: (151-171);
dc.source Scopus
dc.title Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners
dc.type Article
dc.contributor.affiliation Guedhami, O., University of South Carolina, Columbia, SC 29223, United States, Memorial University of Newfoundland, St. John's, Nfld. A1B 3X5, Canada
dc.contributor.affiliation Pittman, J.A., Memorial University of Newfoundland, St. John's, Nfld. A1B 3X5, Canada
dc.contributor.affiliation Saffar, W., Olayan School of Business, American University of Beirut, 1107 2020 Beirut, Lebanon
dc.contributor.authorAddress Pittman, J.A.; Memorial University of Newfoundland, St. John's, Nfld. A1B 3X5, Canada; email: jpittman@mun.ca
dc.contributor.authorCorporate University: American University of Beirut; Faculty: Suliman S. Olayan School of Business; Department: School of Business;
dc.contributor.authorDepartment School of Business
dc.contributor.authorDivision
dc.contributor.authorEmail omrane.guedhami@moore.sc.edu; j.pittman@mun.ca; walid.saffar@aub.edu.lb
dc.contributor.authorFaculty Suliman S. Olayan School of Business
dc.contributor.authorInitials Guedhami, O
dc.contributor.authorInitials Pittman, JA
dc.contributor.authorInitials Saffar, W
dc.contributor.authorOrcidID
dc.contributor.authorReprintAddress Pittman, JA (reprint author), Mem Univ Newfoundland, St John, NF A1B 3X5, Canada.
dc.contributor.authorResearcherID
dc.contributor.authorUniversity American University of Beirut
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dc.description.citedCount 18
dc.description.citedTotWOSCount 18
dc.description.citedWOSCount 18
dc.format.extentCount 21
dc.identifier.articleNo
dc.identifier.coden JAECD
dc.identifier.scopusID 70350425205
dc.publisher.address PO BOX 211, 1000 AE AMSTERDAM, NETHERLANDS
dc.relation.ispartOfISOAbbr J. Account. Econ.
dc.relation.ispartOfIssue 41673
dc.relation.ispartofPubTitle Journal of Accounting and Economics
dc.relation.ispartofPubTitleAbbr J. Account. Econ.
dc.relation.ispartOfVolume 48
dc.source.ID WOS:000272060200004
dc.type.publication Journal
dc.subject.otherAuthKeyword Auditor Choice
dc.subject.otherAuthKeyword Corporate Governance
dc.subject.otherAuthKeyword Disclosure
dc.subject.otherAuthKeyword Privatization
dc.subject.otherKeywordPlus Determines Corporate Transparency
dc.subject.otherKeywordPlus Increase Market Value
dc.subject.otherKeywordPlus Investor Protection
dc.subject.otherKeywordPlus Political Connections
dc.subject.otherKeywordPlus Home Bias
dc.subject.otherKeywordPlus Institutional Investors
dc.subject.otherKeywordPlus Information Environment
dc.subject.otherKeywordPlus Operating Performance
dc.subject.otherKeywordPlus Financial Development
dc.subject.otherKeywordPlus Developing-Countries
dc.subject.otherWOS Business, Finance
dc.subject.otherWOS Economics
dc.identifier.doi http://dx.doi.org/10.1016/j.jacceco.2009.08.003


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