AUB ScholarWorks

Dual-class shares and audit pricing: Evidence from the canadian markets

Show simple item record

dc.contributor.author Khalil S.
dc.contributor.author Magnan M.L.
dc.contributor.author Cohen J.R.
dc.contributor.editor
dc.date 2008
dc.date.accessioned 2017-09-07T07:51:42Z
dc.date.available 2017-09-07T07:51:42Z
dc.date.issued 2008
dc.identifier 10.2308/aud.2008.27.2.199
dc.identifier.isbn
dc.identifier.issn 02780380
dc.identifier.uri http://hdl.handle.net/10938/12299
dc.description.abstract This paper investigates whether audit fees vary with the wedge between cash flow rights and control rights arising from the presence of dual-class share structures. Dual-class shares exist in firms having two or more classes of shares with disproportionate voting rights. They affect audit fees through their effect on the supply for audit services. External auditors conduct wider (narrower) scope audits depending on whether dual-class shares increase (decrease) audit risk and-or auditor business risk. Wider (narrower) scope audits are more (less) costly for the auditors and for their clients. This paper documents a positive association between audit fees and the wedge between cash flow rights and control rights in a sample of Canadian firms during 2004. It extends current research by investigating whether dominant shareholdings affect audit pricing, and by examining audit pricing in Canada over a time period that witnessed significant changes in corporate governance.
dc.format.extent
dc.format.extent Pages: (199-216)
dc.language English
dc.publisher SARASOTA
dc.relation.ispartof Publication Name: Auditing; Publication Year: 2008; Volume: 27; no. 2; Pages: (199-216);
dc.relation.ispartofseries
dc.relation.uri
dc.source Scopus
dc.subject.other
dc.title Dual-class shares and audit pricing: Evidence from the canadian markets
dc.type Article
dc.contributor.affiliation Khalil, S., American University of Beirut, United States
dc.contributor.affiliation Magnan, M.L., Concordia University, Canada
dc.contributor.affiliation Cohen, J.R., Boston College, United States
dc.contributor.authorAddress Khalil, S.; American University of BeirutUnited States
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
dc.contributor.authorFaculty Suliman S. Olayan School of Business
dc.contributor.authorInitials Khalil, S
dc.contributor.authorInitials Magnan, ML
dc.contributor.authorInitials Cohen, JR
dc.contributor.authorOrcidID
dc.contributor.authorReprintAddress Khalil, S (reprint author), Amer Univ Beirut, Beirut, Lebanon.
dc.contributor.authorResearcherID
dc.contributor.authorUniversity American University of Beirut
dc.description.cited Abbott LJ, 2006, AUDITING-J PRACT TH, V25, P85, DOI 10.2308-aud.2006.25.1.85; Abbott LJ, 2003, AUDITING-J PRACT TH, V22, P17, DOI 10.2308-aud.2003.22.2.17; Agnblad J, 2001, CONTROL CORPORATE EU; Ali A, 2007, J ACCOUNT ECON, V44, P238, DOI 10.1016-j.jacceco.2007.01.006; Anderson T., 1994, ACCOUNTING BUSINESS, V24, P195; ASARE S, 2005, J ACCOUNTING PUBLIC, V10, P489; Bedard JC, 2004, ACCOUNT REV, V79, P277, DOI 10.2308-accr.2004.79.2.277; Ben-Amar W, 2006, J BUS FINAN ACCOUNT, V33, P517, DOI 10.1111-j.1468-5957.2006.00613.x; Carcello JV, 2002, CONTEMP ACCOUNT RES, V19, P365, DOI 10.1506-CHWK-GMQ0-MLKE-K03V; CHOI JH, 2005, AUDIT PRICING LEGAL; CHUNG D, 1988, CONTEMP ACCOUNT RES, V5, P19; CHURCH E, 2003, GLOBE MAIL 0925; Claessens S, 2002, J FINANC, V57, P2741, DOI 10.1111-1540-6261.00511; COHEN J, 2007, AUDITING J PRACT MAY, P71; DAVIS LR, 1993, ACCOUNT REV, V68, P135; Elson C., 1996, SO METHODIST U LAW R, V50, P135; Fan JPH, 2005, J ACCOUNTING RES, V43, P35, DOI 10.1111-j.1475-679x.2004.00162.x; Francis J, 2005, J ACCOUNT ECON, V39, P329, DOI 10.1016-j.jacceco.2005.01.001; GOMPERS P, 2006, INCENTIVES VS CONTRO; GROSSMAN SJ, 1988, J FINANC ECON, V20, P175, DOI 10.1016-0304-405X(88)90044-X; GUL F, 2001, AUDITING-J PRACT TH, V20, P73; Gul F. A., 1998, J ACCOUNT ECON, V24, P219; HARRIS M, 1988, J FINANC ECON, V20, P203, DOI 10.1016-0304-405X(88)90045-1; Hay DC, 2006, CONTEMP ACCOUNT RES, V23, P141, DOI 10.1506-4XR4-KT5V-E8CN-91GX; Heninger WG, 2001, ACCOUNT REV, V76, P111, DOI 10.2308-accr.2001.76.1.111; Hope OK, 2003, J ACCOUNTING RES, V41, P235, DOI 10.1111-1475-679X.00102; Huang HW, 2007, AUDITING-J PRACT TH, V26, P147, DOI 10.2308-aud.2007.26.1.147; Kane GD, 2004, J BUS RES, V57, P976, DOI 10.1016-S0148-2963(02)00499-X; Krishnamoorthy G., 2004, J ACCOUNTING LIT, V23, P87; LaPorta R, 1997, J FINANC, V52, P1131; LENZ C, 2003, J FINANC ECON, V69, P505; O'Sullivan N., 2000, BRIT ACCOUNTING REV, V24, P397, DOI 10.1006-bare.2000.0139; OKEEFE TB, 1994, J ACCOUNTING RES, V32, P241, DOI 10.2307-2491284; Palmrose ZV, 2004, CONTEMP ACCOUNT RES, V21, P139, DOI 10.1506-WBF9-Y69X-L4DX-JMV1; SIMUNIC DA, 1980, J ACCOUNTING RES, V18, P161, DOI 10.2307-2490397; Simunic DA, 1996, AUDITING-J PRACT TH, V15, P119; Taylor S., 1998, J CORP FINANC, V4, P107, DOI 10.1016-S0929-1199(97)00012-6; Thorne L, 2003, J BUS ETHICS, V43, P305, DOI 10.1023-A:1023005311277; TINAIKAR S, 2006, DISCLOSURE EFFECTS D; Wang DC, 2006, J ACCOUNTING RES, V44, P619, DOI 10.1111-j.1475-679X.2006.00213.x; Wingate M., 1997, RES ACCOUNTING REG S, V11, P129
dc.description.citedCount 10
dc.description.citedTotWOSCount 6
dc.description.citedWOSCount 6
dc.format.extentCount 18
dc.identifier.articleNo
dc.identifier.coden
dc.identifier.pubmedID
dc.identifier.scopusID 77249086590
dc.identifier.url
dc.publisher.address 5717 BESSIE DR, SARASOTA, FL 34233 USA
dc.relation.ispartofConference
dc.relation.ispartofConferenceCode
dc.relation.ispartofConferenceDate
dc.relation.ispartofConferenceHosting
dc.relation.ispartofConferenceLoc
dc.relation.ispartofConferenceSponsor
dc.relation.ispartofConferenceTitle
dc.relation.ispartofFundingAgency
dc.relation.ispartOfISOAbbr Audit.-J. Pract. Theory
dc.relation.ispartOfIssue 2
dc.relation.ispartOfPart
dc.relation.ispartofPubTitle Auditing
dc.relation.ispartofPubTitleAbbr Auditing
dc.relation.ispartOfSpecialIssue
dc.relation.ispartOfSuppl
dc.relation.ispartOfVolume 27
dc.source.ID WOS:000265151200009
dc.type.publication Journal
dc.subject.otherAuthKeyword Audit pricing
dc.subject.otherAuthKeyword Corporate governance
dc.subject.otherAuthKeyword Dual-class shares
dc.subject.otherAuthKeyword Ownership structure
dc.subject.otherChemCAS
dc.subject.otherIndex
dc.subject.otherKeywordPlus CORPORATE GOVERNANCE
dc.subject.otherKeywordPlus FAMILY OWNERSHIP
dc.subject.otherKeywordPlus LITIGATION RISK
dc.subject.otherKeywordPlus VOTING-RIGHTS
dc.subject.otherKeywordPlus FEES
dc.subject.otherKeywordPlus EARNINGS
dc.subject.otherKeywordPlus SERVICES
dc.subject.otherKeywordPlus ASSOCIATION
dc.subject.otherKeywordPlus FIRM
dc.subject.otherWOS Business, Finance


Files in this item

Files Size Format View

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record

Search AUB ScholarWorks


Browse

My Account