Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market

By Sattar A. Mansi, William F. Maxwell, Darius P. Miller. 2004

795 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5b0df0e550af4adec2e68e62f03b0dc995b58534

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Citations in the corpus

Ownership concentration in privatized firms: The role of disclosure standards, auditor choice, and auditing infrastructure (2006, background): “Mansi et al. (2004) and Pittman and Fortin (2004) find that lenders demand higher yields on debt issues made by U.S. firms without Big Five auditors to compensate for the greater uncertainty about these securities.”
Auditor Choice in Politically Connected Firms (2014, positive): “(e.g., Baber et al., 1995; Mansi et al., 2004), the Big Four’s interest in protecting their reputations is largely behind their audits becoming economically distinct in other countries where it is harder for investors to recover damages when audit failure occurs.”
How Do Various Forms of Auditor Rotation Affect Audit Quality? Evidence from China (2012, neutral): “, 2008), some studies do not find such a negative association (Mansi et al., 2004; Ghosh and Moon, 2005), and other studies suggest a nonlinear relation (Boone et al.”
Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010, neutral): “, Lee 2008), auditor choice (e.g., Pittman and Fortin 2004; Mansi et al., 2004), and conservatism (e.”
Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, background): “…the privatization date, which predictably confirms a steep decline in government ownership 17 In comparison to recent U.S. research⎯for example, Mansi et al. (2004) report that 99% of U.S. public firm rely on a Big Four auditor in the 1990s⎯our analysis benefits from ample variation in…”
The Effect of Auditor Quality on Financing Decisions (2009, background): “15 related to general economic conditions and to a component that is private information to the company’s insiders, as noted in Myers and Majluf (1984). This publicly available component is relatively more important during good times, thereby reducing the adverse selection costs of equity issuance.”
Analyst Following and Credit Ratings (2008, background): “…and earnings quality on default risk; Bhojraj and Sengupta (2003) and Ashbaugh et al. (2006) show that superior corporate governance reduces default risk; and both Mansi, Maxwell, and Miller (2004) and Pittman and Fortin (2004) examine whether auditor quality is associated with default risk.”