东南大学经济管理学院学术前沿讲座
报告题目 | What are the determinants of audit fees? |
报告人（单位） | Dr. Ruixue Du（Menlo College） |
点评人 （单位） | 吴芃（东南大学） |
时间和地点 | 2020年10月27日上午：8：00 腾讯会议ID：693 464 879 会议密码：198229 |
报告人简介 | |
Dr. Ruixue Du is currently an Associate Professor of Accounting at Menlo College. Before joining Menlo College, she was an Associate Professor of Accounting at University of Wisconsin Stevens Point and taught there for seven years. She graduated from Nankai University with a bachelor’s degree in Finance. Then she went to United States to pursuit her master’s and doctorate degrees at Virginia Tech. She has been actively conducting research in financial reporting, intangible assets valuation, auditing, as well as accounting education. She has published in Review of Economics & Finance, Journal of Accounting and Financial Reporting, Journal of Accounting and Finance, Journal of Accounting and Free Enterprise, etc. She has taught introductory financial accounting, intermediate financial accounting, managerial accounting, management cap stone courses and data visualizations to both undergraduate and MBA students. | |
报告内容提要 | |
What are the determinants of audit fees? Existing research documents that the level of audit fees is closely related to agency costs and business risk. Current studies also suggest that business strategies affect firms’ agency costs and business risk through corporate governance such as capital structure, compensation, and senior management. This study takes 2009-2014 China Shanghai and Shenzhen A-share listed manufacturing firms as the research sample, and adopts Porter’s generic competitive strategies to investigate the impact of the business strategy choice and the level of market competition on audit fees. The study finds that: 1) the extent to which firms implement a cost leadership strategy is positively correlated to audit fees, while the extent to which a differentiation strategy is implemented is inversely correlated to audit fees; 2) the relationship between market competition and audit fees is negative; 3)the relationship between competition strategy and audit fees could be affected by the level of market competition, but only when market competition is at a higher stage, the positive impact of cost leadership strategy on audit fees and the negative impact of differentiation strategy on audit fees will increase further as the level of market competition increases. | |
