Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia

By Joseph P. H. Fan, T. Wong. 2005

1,161 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/94964f3050049b9bbdb13dcbc1209874d1e05697

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Citations in the corpus

Effect of Board Size and Duality on Corporate Social Responsibility: What has Improved in Corporate Governance in Asia? (2019, background): “In Asia, the role of resource dependence such as board of directors members offers information to top management and resources is clearer than other two roles.”
Ownership Structure, Business Group Affiliation, Listing Status, and Earnings Management: Evidence from Korea (2006, neutral): “Consistent with the above view, Friedman et al. (2004) provide evidence suggesting that controlling shareholders of a business group “prop up” affiliated firms during the crisis, using their private funds or the group-wide savings.”
Board of directors, audit committee, and firm performance: Evidence from Greece (2018, background): “In emerging markets, it may be insufficient for firms to use conventional internal corporate control mechanisms such as boards of directors to resolve agency conflicts between controlling and minority stockholders (Fan and Wong, 2005).”
Excess Control, Corporate Governance and Implied Cost of Equity: International Evidence (2009, positive): “7 These studies provide the voting rights and cash flow rights of the ultimate owner estimated in 1996 for East Asia and 1996 to 1999 for Western Europe.”
Culture and auditor choice: A test of the secrecy hypothesis (2008, background): “The motivation for considering these country factors is that Big 4 auditor choices could be driven by these countrylevel factors rather than the cultural value of secrecy (e.g., Francis et al., 2003; Hope, 2003a; Fan and Wong, 2005 ).”
The governance role of multiple large shareholders: evidence from the valuation of cash holdings (2011, neutral): “…these unique data sources of ultimate ownership have been used by several recent studies, including Attig et al. (2008), Boubakri and Ghouma (2010), Boubakri et al. (2010), Fan and Wong (2005), Guedhami and Mishra (2009), Kalcheva and Lins (2007), Laeven and Levine (2008), and Leuz et al. (2009).”
Social Trust and Corporate Misconduct: Evidence from China (2018, background): “non-Big 4 auditors) play a corporate governance role (Fan and Wong 2005).”
Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis (2012, positive): “Larger and more reputed auditors charge higher fees (e.g., DeFond (1992) and Fan and Wong (2005)).”
The Determinants of Voluntary Financial Disclosure by Nonprofit Organizations (2012, positive): “Yet research has shown that externally audited financial statements are associated with financial report accuracy, better governance, and overall audit quality (e.g., Fan & Wong, 2005; Francis, Maydew, & Sparks, 1999; Krishnan et al., 2006).”