The Effect of Ownership Structure on Accounting Firm Switch
| Autor: | Ya-ching Tsai, 蔡亞靜 |
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| Rok vydání: | 2014 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 102 This study, based on the database of 1,333 Taiwanese firms during 2003-2012, investigates the effect of ownership structure on switching accounting firms. The empirical results show that the Directors and Supervisors’ shareholding ratio and institutional investors’ holding ratio are significantly and negatively related to switch accounting firm; the blockholders’ shareholding is significantly and positively related to switch accounting firm. The evidence indicates that the director and supervisors’ shareholding ratio with more independent directors is more effectively in monitoring managers in the corporate ownership structure; The investors of institutional foundation have more domain knowledge, technical resources which can provide better advice and counsel to corporate, and also can supervise corporate effectively. So that if corporate operation and finance is in good condition, then the corporate will not switch accounting firm; the higher the blockholders’ shareholding rate is, the more they will be self-serving and mercenary. That is the reason why they will conceal their financial reporting fraud by switching accounting firm frequently. This research indicates that switching accounting firms will affect the ownership structure considerably. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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