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Does auditor designation by the regulatory authority improve audit quality? Evidence from Korea
16 references·13 citing·29 second hop
Does auditor designation by the regulatory authority improve audit quality? Evidence from Korea (2009)Does auditor designation by the regulator…Detecting Earnings Management (2012)Detecting Earnings ManagementPerformance matched discretionary accrual measures (2005)Performance matched discretio…Earnings quality in UK private firms: comparative loss recognition timeliness (2004)Earnings quality in UK privat…Earnings management and investor protection: an international comparison (2003)Earnings management and inves…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Disentangling the Incentive a…Audit committee, board of director characteristics, and earnings management (2002)Audit committee, board of dir…The Economic Consequences of Increased Disclosure (2000)The Economic Consequences of …The Effect of Audit Quality on Earnings Management* (1998)The Effect of Audit Quality o…Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Earnings Management and the L…Detecting Earnings Management. (1995)Detecting Earnings Management.Debt covenant violation and manipulation of accruals (1994)Debt covenant violation and m…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Positive Accounting Theory (1985)Positive Accounting TheoryLimited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Audit quality implications of regulatory change in South Africa (2021)Audit quality implications of…Mandatory audit firm rotation: a critical composition of practitioner views from an emerging economy (2020)Mandatory audit firm rotation…Empirical Evidence on Audit Quality under a Dual Mandatory Auditor Rotation Rule (2020)Empirical Evidence on Audit Q…Auditor rotations and audit quality (2019)Auditor rotations and audit q…Informed trading by foreign institutional investors as a constraint on tunneling: Evidence from China (2017)Informed trading by foreign i…Do Social Ties between CEOs and Engagement Audit Partners Affect Audit Quality and Audit Fees? (2017)Do Social Ties between CEOs a…Auditor selection and corporate social responsibility (2017)Auditor selection and corpora…Factors Affecting Mandatory Audit Rotation: Evidence from Jordan (2015)Factors Affecting Mandatory A…The impact of mandatory versus voluntary auditor switches on stock liquidity: Some Korean evidence (2014)The impact of mandatory versu…Auditors perceptions on impact of mandatory audit firm rotation on auditor independence Evidence from Bahrain (2014)Auditors perceptions on impac…New Auditors’ Decisions for Released Firms from the Mandatory Auditor Designation Rule: Evidence From South Korea (2013)New Auditors’ Decisions for R…Do regulations limiting management influence over auditors improve audit quality? Evidence from China (2013)Do regulations limiting manag…Audit firm rotation and audit quality: evidence from academic research (2013)Audit firm rotation and audit…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Opaque financial reports, R2, and crash risk☆ (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)How do family ownership, control and management affect firm value? (2005)Law, finance, and economic growth in China (2005)Law and Finance (1998)International Accounting Standards and Accounting Quality (2008)Accounting earnings and cash flows as measures of firm performance (1994)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Errors in Estimating Accruals: Implications for Empirical Research (2002)How does financial reporting quality relate to investment efficiency? (2009)Experimental and Quasi-Experimental Designs for Research (1963)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Earnings Management through Real Activities Manipulation (2003)Econometric Analysis of Cross Section and Panel Data (2001)Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages (2004)Introductory Econometrics for Finance (2008)
this work references cited by second hop

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 2005Performance matched discretionary accrual measures6,963 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 1985Positive Accounting Theory5,837 cited
  • 2003Earnings management and investor protection: an international comparison5,395 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 2002Audit committee, board of director characteristics, and earnings management4,633 cited
  • 2002Disentangling the Incentive and Entrenchment Effects of Large Shareholdings3,845 cited
  • 2012Detecting Earnings Management3,821 cited
  • 1998The Effect of Audit Quality on Earnings Management*3,243 cited
  • 1994Debt covenant violation and manipulation of accruals2,773 cited
  • 2004Earnings quality in UK private firms: comparative loss recognition timeliness2,377 cited
  • 2000The Economic Consequences of Increased Disclosure2,369 cited

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1998
Earnings Management and the Long‐Run Market Performance of Initial Public Offerings
2,300 cited

Cited by

  • 2017Auditor selection and corporate social responsibility55 cited
  • 2017Do Social Ties between CEOs and Engagement Audit Partners Affect Audit Quality and Audit Fees?48 cited
  • 2020Empirical Evidence on Audit Quality under a Dual Mandatory Auditor Rotation Rule47 cited
  • 2013Do regulations limiting management influence over auditors improve audit quality? Evidence from China39 cited
  • 2017Informed trading by foreign institutional investors as a constraint on tunneling: Evidence from China38 cited
  • 2019Auditor rotations and audit quality31 cited
  • 2020Mandatory audit firm rotation: a critical composition of practitioner views from an emerging economy30 cited
  • 2013Audit firm rotation and audit quality: evidence from academic research25 cited
  • 2014The impact of mandatory versus voluntary auditor switches on stock liquidity: Some Korean evidence24 cited
  • 2014Auditors perceptions on impact of mandatory audit firm rotation on auditor independence Evidence from Bahrain21 cited
  • 2021Audit quality implications of regulatory change in South Africa20 cited
  • 2015Factors Affecting Mandatory Audit Rotation: Evidence from Jordan16 cited
  • 2013New Auditors’ Decisions for Released Firms from the Mandatory Auditor Designation Rule: Evidence From South Korea14 cited