Do executive or industry expert auditors matter for new clients? Evidence from the business life cycle
學年 115
學期 1
出版（發表）日期 2026-08-01
作品名稱 Do executive or industry expert auditors matter for new clients? Evidence from the business life cycle
作品名稱（其他語言）
著者 Yi-Hsing Liao; Yu-Shan Chang
單位
出版者
著錄名稱、卷期、頁數 Journal of Contemporary Accounting & Economics 22(2), p. 100566
摘要 This study examines how firms at different life-cycle stages select between executive auditors—who possess hierarchical authority—and industry expert auditors, and how these choices shape subsequent reporting outcomes. While new clients generally avoid both types, incorporating life-cycle heterogeneity reveals distinct patterns: growth firms preferentially engage expert auditors, declining firms favor executive auditors; and mature firms exhibit broader, non-exclusive demand for both, with a stronger tilt toward executive auditors. Analyses of accrual-based outcomes show that executive auditors allow greater negotiated discretion only for low-risk clients, whereas expert auditors consistently constrain opportunistic reporting across risk conditions. These inferences remain robust when accounting for endogeneity using entropy balancing and when applying an alternative life-cycle classification. Overall, the evidence demonstrates how life-cycle dynamics shape auditor contracting and how auditor attributes differentially influence financial reporting quality.
關鍵字 Auditor selection; Hierarchical authority; Industry expertise; Earnings management; Life cycle
語言 en_US
ISSN
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 否
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/129321 )