Effects of agency costs on the relationship of corporate governance with audit quality and accounting conservatism in the Korean audit market

被引：5

作者：

Kwon, Soo Young ^{[1
]}

Lee, Nam Ryoung ^{[2
]}

Ki, Eunsun ^{[1
]}

机构：

[1] Korea Univ, KUBS, Seoul, South Korea

[2] Korea Aerosp Univ, Dept Business Adm, Goyang, South Korea

来源：

ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | 2014年 / 21卷 / 02期

关键词：

agency costs; audit fees; corporate governance; accounting conservatism; audit hours; COMMITTEE CHARACTERISTICS; DIRECTOR CHARACTERISTICS; CASH FLOWS; EARNINGS; BOARD; FIRM; FEES; OWNERSHIP; ACCRUALS; SERVICES;

D O I：

10.1080/16081625.2012.762970

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the effects of agency costs (AC) on the relationship of corporate governance with audit quality and accounting conservatism. We employ audit hours and audit fees as proxies for audit quality, and accounting conservatism as a proxy for financial reporting quality. We find that the positive relation between corporate governance and audit quality is attenuated in the presence of AC. We also document that AC tend to weaken the negative relation between corporate governance and accounting conservatism. These results demonstrate that the relationship of corporate governance with audit quality and accounting conservatism is conditional on AC.

引用

页码：157 / 185

页数：29

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