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Auditor resignation and firm ownership structure

Show simple item record Khalil S.K. Cohen J.R. Trompeter G.M.
dc.contributor.editor 2011 2017-09-07T07:51:24Z 2017-09-07T07:51:24Z 2011
dc.identifier 10.2308/acch-50061
dc.identifier.issn 08887993
dc.description.abstract This paper investigates whether the likelihood of auditor resignations and the associated stock market reaction in family firms is significantly different from that in non-family firms. It also examines whether the aforementioned associations vary with the identity of the CEO managing family firms founder, descendant, or non-family CEO). Relying on a sample of auditor resignations in the U.S. over five calendar years, 2004- 2008, and using two control samples matched and random) as benchmarks, we document the following. First, the likelihood of auditor resignations in family firms is significantly lower than that in non-family firms. Second, auditor resignations in family firms managed by a founder or non-family CEO descendant) are also less more) frequent compared to non-family firms. Finally, abnormal returns following auditor resignations in family firms and in family firms managed by a non-family CEO are higher less negative) than those in non-family firms. These results are robust to the selection bias resulting from family ownership and contribute to the literature investigating auditor portfolio management decisions.
dc.format.extent Pages: (703-727)
dc.language English
dc.publisher SARASOTA
dc.relation.ispartof Publication Name: Accounting Horizons; Publication Year: 2011; Volume: 25; no. 4; Pages: (703-727);
dc.source Scopus
dc.title Auditor resignation and firm ownership structure
dc.type Article
dc.contributor.affiliation Khalil, S.K., American University of Beirut, United States
dc.contributor.affiliation Cohen, J.R., Boston College, United States
dc.contributor.affiliation Trompeter, G.M., University of Central Florida, United States
dc.contributor.authorAddress Cohen, J. R.; Boston CollegeUnited States; email:
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.authorFaculty Suliman S. Olayan School of Business
dc.contributor.authorInitials Khalil, SK
dc.contributor.authorInitials Cohen, JR
dc.contributor.authorInitials Trompeter, GM
dc.contributor.authorReprintAddress Cohen, JR (reprint author), Boston Coll, Chestnut Hill, MA 02167 USA.
dc.contributor.authorUniversity American University of Beirut
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dc.description.citedCount 4
dc.description.citedTotWOSCount 3
dc.description.citedWOSCount 3
dc.format.extentCount 25
dc.identifier.scopusID 84255168183
dc.publisher.address 5717 BESSIE DR, SARASOTA, FL 34233 USA
dc.relation.ispartOfISOAbbr Account. Horiz.
dc.relation.ispartOfIssue 4
dc.relation.ispartofPubTitle Accounting Horizons
dc.relation.ispartofPubTitleAbbr Account. Horiz.
dc.relation.ispartOfVolume 25
dc.source.ID WOS:000298738600005
dc.type.publication Journal
dc.subject.otherAuthKeyword Auditor resignations
dc.subject.otherAuthKeyword Corporate governance
dc.subject.otherAuthKeyword Family firms
dc.subject.otherAuthKeyword Market reactions
dc.subject.otherKeywordPlus FOUNDING-FAMILY OWNERSHIP
dc.subject.otherKeywordPlus EMPIRICAL-ANALYSIS
dc.subject.otherKeywordPlus LITIGATION RISK
dc.subject.otherKeywordPlus CORPORATE GOVERNANCE
dc.subject.otherKeywordPlus INTERNAL CONTROL
dc.subject.otherKeywordPlus MARKET
dc.subject.otherKeywordPlus MANAGEMENT
dc.subject.otherKeywordPlus EARNINGS
dc.subject.otherKeywordPlus LAWSUITS
dc.subject.otherKeywordPlus CONSEQUENCES
dc.subject.otherWOS Business, Finance

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