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Does auditor tenure influence the reporting of conservative earnings?
16 references·16 citing·37 second hopsampled
Does auditor tenure influence the reporting of conservative earnings? (2008)Does auditor tenure influence the reporti…Earnings quality in UK private firms: comparative loss recognition timeliness (2004)Earnings quality in UK privat…Costs of Equity and Earnings Attributes (2004)Costs of Equity and Earnings …Incentives versus standards: properties of accounting income in four East Asian countries (2003)Incentives versus standards: …Exploring the Term of the Auditor-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation? (2003)Exploring the Term of the Aud…Conservatism in Accounting Part I: Explanations and Implications (2003)Conservatism in Accounting Pa…The relevance of the value-relevance literature for financial accounting standard setting (2001)The relevance of the value-re…The effect of international institutional factors on properties of accounting earnings (2000)The effect of international i…The Role of Big 6 Auditors in the Credible Reporting of Accruals (1999)The Role of Big 6 Auditors in…The relation between earnings and cash flows (1998)The relation between earnings…The Effect of Audit Quality on Earnings Management* (1998)The Effect of Audit Quality o…The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…Accounting earnings and cash flows as measures of firm performance (1994)Accounting earnings and cash …Auditor size and audit quality (1981)Auditor size and audit qualityAuditor independence, ‘low balling’, and disclosure regulation (1981)Auditor independence, ‘low ba…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…The effects of disclosing critical audit matters and auditor tenure on nonprofessional investors’ judgments (2021)The effects of disclosing cri…Audit firm tenure and audit quality: A cross‐European study (2019)Audit firm tenure and audit q…The Impact of Top Management Team Characteristics on the Choice of Earnings Management Strategies: Evidence from China (2017)The Impact of Top Management …The effect of the CEO’s characteristics on EM: evidence from Jordan (2017)The effect of the CEO’s chara…Auditor Tenure and the Timeliness of Misstatement Discovery (2017)Auditor Tenure and the Timeli…Auditor Changes and the Cost of Bank Debt (2016)Auditor Changes and the Cost …Audit firm rotation, audit fees and audit quality: The experience of Italian public companies (2015)Audit firm rotation, audit fe…The influence of the institutional context on corporate illegality (2012)The influence of the institut…The Impact Of Audit Committees Personal Characteristics On Earnings Management: Evidence From China (2012)The Impact Of Audit Committee…Non-audit Services and Audit Quality: Evidence from Private Firms (2012)Non-audit Services and Audit …Auditor size, tenure, and bank loan pricing (2012)Auditor size, tenure, and ban…Audit Quality Indicators: Insights from the Academic Literature (2012)Audit Quality Indicators: Ins…Audit Quality and Earnings Management in the Tunisian Context (2012)Audit Quality and Earnings Ma…UK investors’ perceptions of auditor independence (2011)UK investors’ perceptions of …Quality of the external auditor, information asymmetry, and bid‐ask spread (2010)Quality of the external audit…Does auditor tenure affect accounting conservatism? Further evidence (2010)Does auditor tenure affect ac…The Nature of the Firm (1937)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Pricing of Audit Services: Theory and Evidence (1980)Agency Problems and Residual Claims (1983)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The market pricing of accruals quality (2005)How does financial reporting quality relate to investment efficiency? (2009)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)Efficient Capital Markets: II (1991)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Theory of Economic Development (2003)International Accounting Standards and Accounting Quality (2008)On the use of instrumental variables in accounting research (2009)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Earnings Management During Import Relief Investigations (1991)Detecting Earnings Management. (1995)Audit committee, board of director characteristics, and earnings management (2002)A review of archival auditing research (2014)The Cross-Section of Expected Stock Returns (1992)The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Earnings management and investor protection: an international comparison (2003)The economic implications of corporate financial reporting (2005)Legal Determinants of External Finance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)On financial contracting (1979)The information content of losses (1995)The financial reporting environment: Review of the recent literature (2010)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1981Auditor size and audit quality5,862 cited
  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1998The Effect of Audit Quality on Earnings Management*3,243 cited
  • 2000The effect of international institutional factors on properties of accounting earnings3,198 cited
  • 2003Conservatism in Accounting Part I: Explanations and Implications2,768 cited
  • 1994Accounting earnings and cash flows as measures of firm performance2,584 cited
  • 2004Costs of Equity and Earnings Attributes2,387 cited
  • 2004Earnings quality in UK private firms: comparative loss recognition timeliness2,377 cited
  • 2003Incentives versus standards: properties of accounting income in four East Asian countries2,078 cited
  • 2001The relevance of the value-relevance literature for financial accounting standard setting1,741 cited
  • 1981Auditor independence, ‘low balling’, and disclosure regulation1,698 cited
  • 1998The relation between earnings and cash flows1,552 cited
  • 2003Exploring the Term of the Auditor-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation?

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1,493 cited
  • 1999The Role of Big 6 Auditors in the Credible Reporting of Accruals1,410 cited
  • Cited by

    • 2012The influence of the institutional context on corporate illegality186 cited
    • 2015Audit firm rotation, audit fees and audit quality: The experience of Italian public companies133 cited
    • 2017Auditor Tenure and the Timeliness of Misstatement Discovery131 cited
    • 2017The Impact of Top Management Team Characteristics on the Choice of Earnings Management Strategies: Evidence from China119 cited
    • 2012Non-audit Services and Audit Quality: Evidence from Private Firms113 cited
    • 2012Audit Quality Indicators: Insights from the Academic Literature95 cited
    • 2016Auditor Changes and the Cost of Bank Debt94 cited
    • 2010Does auditor tenure affect accounting conservatism? Further evidence92 cited
    • 2019Audit firm tenure and audit quality: A cross‐European study78 cited
    • 2012The Impact Of Audit Committees Personal Characteristics On Earnings Management: Evidence From China75 cited
    • 2011UK investors’ perceptions of auditor independence74 cited
    • 2010Quality of the external auditor, information asymmetry, and bid‐ask spread71 cited
    • 2012Audit Quality and Earnings Management in the Tunisian Context71 cited
    • 2012Auditor size, tenure, and bank loan pricing67 cited
    • 2017The effect of the CEO’s characteristics on EM: evidence from Jordan65 cited
    • 2021The effects of disclosing critical audit matters and auditor tenure on nonprofessional investors’ judgments65 cited