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Article Dans Une Revue Corporate Ownership & Control Année : 2014

France’s joint-audit requirement and audit fees: The influence of ownership and governance

Résumé

Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a “Big” auditor premium. The results highlight that the presence of a “Big” among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two “Big” auditors. The choice of a “Major” auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor’s selection involving complementarity or substitution with external audit.
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Dates et versions

hal-01165527 , version 1 (19-06-2015)

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  • HAL Id : hal-01165527 , version 1

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Mehdi Nekhili, Wafa Masmoudi Ayadi, Dhikra Chebbi. France’s joint-audit requirement and audit fees: The influence of ownership and governance. Corporate Ownership & Control, 2014, Vol. 11 (n° 2), pp 388-401. ⟨hal-01165527⟩
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