Self-Selection of Auditors and Audit Pricing in Private Firms

By Paul Chaney, Debra C. Jeter, L. Shivakumar. 2003

579 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ed8043c8aaabd86671667eb4ad92f88a9eefcbfb

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Citations in the corpus

Earnings Management and Audit Quality in Europe: Evidence from the Private Client Segment Market (2008, background): “For instance, private firms may choose a Big 4 auditor in order to obtain financing at the lowest possible cost (Beatty, 1989), or in view of the possibility of going public in the future or of being targeted for acquisition (Chaney et al., 2004).”
Selection models in accounting research (2012, methodology): “Two studies fail to impose any exclusion restrictions, as all the independent variables from the first stage auditor-choice model are employed as regressors in the second stage outcome model (Chaney et al. 2004; Li 2009).”
Auditors' Governance Functions and Legal Environments: An International Investigation (2007, background): “Fifth, Chaney et al. (2005) report that there exists non-linear relationship between client size and auditor choice with respect to other control variables.”
Audit Quality and Cost of Debt Capital for Private Firms: Evidence from Finland (2011, unknown): “Chaney et al. (2004) did not find a Big 4 fee premia in the audit market of privately-held US firms, whereas Vander Bauwhede and Willekens (2004) report that Big 4 audits do not contribute to constrained earnings management of privately-held Belgian firms.”
Effects of Audit Quality on Earnings Management and Cost of Equity Capital: Evidence from China (2011, unknown): “Following Chaney et al. (2004), we adopt a two-stage procedure to correct for endogeneity of auditor choice.”
The Effect of Auditor Quality on Financing Decisions (2009, unknown): “TABLE 2 TABLE 3 asset turnover, higher stock price, higher ROA, lower litigation risk, lower earnings volatility, lower growth, and higher tangibility are more likely to be audited by Big 6 firms.”
Auditing private companies: what do we know? (2017, unknown): “For example, based on a sample of UK private companies, Chaney et al. (2004) find no support for a Big 5 premium when controlling for auditor self-selection,”
The relationship between auditor tenure and audit quality implied by going concern opinions (2007, result): “Third, our results contribute to the limited but growing literature on financial reporting quality and auditing in private firms (e.g., Ball and Shivakumar 2005; Chaney et al. 2004).”
The Role of Firm-Specific Incentives and Country Factors in Explaining Voluntary IAS Adoptions: Evidence from Private Firms (2008, background): “Chaney et al. (2004) note that accounting information may also play a more important role in the evaluation of managerial performance at private firms because these firms lack market measures of firm value.”