Empirical Research of the Demand for External Audit under Different Kinds of Agency Costs
The paper is characterized by using voting rights,cash flow fights and the differences between the two rights as the substitutive indicators to describe agency inflictions in Chinas listed companies.It tests whether Chinas listed companies have voluntary demand for high-quality external audit when the agency inflictions are serious by measuring the possibility of choosing excellent accounting firm.After analyzing.we can conclude that there exits some degree of demands for the high-quality audit service in Chinas listed companies,but the relationship between the two is associated with the seriousness of agency costs.In another word,the existence of controlling shareholders will affect the voluntary demand for external.Meanwhile,the paper also tests the role of external audit in improving companiesmarket values and shows the applicability of external audit agency hypotheses.
Voting rights Cash flow rights Separation between two rights Demand for external audit
Wu Li Ma Yuanyuan
School of Management Shenyang University of Technology,P.R China,110023
国际会议
2006 International Conference on Management Science and Engineering(2006管理科学与工程国际学术研讨会)
武汉
英文
460-463
2006-11-08（万方平台首次上网日期，不代表论文的发表时间）