Ownership structure,Audit quality and Audit fee
| Autor: | Yu-Lien Chang, 張玉蓮 |
|---|---|
| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 Astract When Asian financial crisis began, the scandals at home and abroad broke one after another. Because lack of the supervising mechanism, companies manipulate the earnings, and the interests of investors and creditors were seriously damaged. Therefore, it is important to learn how to promote the internal and external supervising mechanism of the companies and to safeguard rights and interests of the investor and the creditor. The domestic significant shortcoming document generally is control shareholder concurrently higher order management echelon position .Special ownership structure of the domestic firm, for example: If through pyramid structures like to cross shareholding and participate in the management alternately increasing the domination. Degree of alignment effect is positively related to the controlling shareholder’s rights, and negatively related to the divergence cash flow rights, and negatively related to the divergence between cash flow rights and control rights of the controlling shareholders. Less likely to produce short-sighted behavior of short term profits, because in order to allow future generations can continue to stay in business, and also to continue the family reputation.(Weber et al. 2003). In this study, the 1998 to 2008 calendar year information on listed companies in Taiwan as samples, using the linear regression model to discuss the ownership structure and audit quality and audit fee relationship, in addition to testing all sample data, the study sample is divided into recurrent and non-recurrent replenishment of the samples for analysis. Empirical results show that (1) In all sample, the controlling shareholders of the company, the greater the cash flow right required for audit quality is poor. The greater stockholder’s right deviation is, the audit quality is better. (2) Compares in the non-regularity increases funding the company, the regularity increases funding the company cash flow power and the voting rights deviation, greater impact on audit quality. (3) Cash flow power is larger, the audit fee is lower. The deviation is larger, the audit fee is higher. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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