Abstract
This work is licensed under a Creative Commons Attribution 4.0 International License. Keywords: Auditor Choice, Big4, Corporate Governance, Ownership, Board of Directors, Women, Greece JEL Classification: M42, M14, G34 Received: 19.10.2021 Accepted: 25.10.2021 How to cite: Tasios, S., Chytis, E., Fasoulas, M., & Lekarakou, E. (2021). Auditor choice and corporate governance mechanisms: A study of listed companies on the Athens Stock Exchange. In K. M. Hogan, & A. Kostyuk (Eds.), (...)
Highlights
For this purpose, a logit regression model was developed to assess the association of board size, board independence, audit committee size, presence of women on the board of directors and the audit committee, family and institutional ownership with the selection of a Big[4] or non-Big[4] auditor; controlling for firm size, profitability, leverage, and liquidity
Famown: family ownership, the percentage of the shares owned by the founding family of the firm; 1 FTSE/Large Cap is the large capitalization index capturing on real time the performance of the 25 largest blue-chip companies within the Athens stock market
Panel logit regression analysis suggests that corporate governance affects auditor choice in Greece
Summary
A logit regression model was developed to assess the association of board size, board independence, audit committee size, presence of women on the board of directors and the audit committee, family and institutional ownership with the selection of a Big[4] or non-Big[4] auditor; controlling for firm size, profitability, leverage, and liquidity. Bsize: board size, measured by the total number of the members of the board; Bindep: board independence, measured by the percentage of independent members to the total members of the board of directors;
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