政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/66685

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109951/140887 (78%)
Visitors : 46271243 Online Users : 1458

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 會計學系 > 期刊論文 > Item 140.119/66685

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/66685

Title:	Industry audit Experts and ownership structure in the syndicated loan market: At the firm and partner levels.
Authors:	金成隆;姚俊;劉佩怡 Chin, Chen-Lung;Yao, Wei-Ren;Liu, Pei-Yi
Contributors:	會計系
Date:	2014.04
Issue Date:	2014-06-13 11:59:25 (UTC+8)
Abstract:	The PCAOB has recently issued two concept releases that seek feedback on a proposal which requires audit firms to disclose the name of the engagement partner in the audit report. This paper provides evidence about the efficacy of this proposal by examining whether industry audit experts at partner level are valued by stakeholders ─ lenders in the syndicate loan market. Our paper is based on the unique data in Taiwan, where the audit report is issued in the name of two signing auditors, as well as the audit firm. Prior research suggests that lead arrangers prefer to hold a lower share of the loan and to have a larger number of other lenders. First, we find no evidence that Big 4 audit firms are related to the lower share of a syndicated loan held by the lead arrangers, after controlling for industry audit expertise; we also find no evidence that firm-level expertise alone is associated with the share held by lead arrangers. However, we do find that partner-level industry audit experts, either alone or in conjunction with a firm-level industry audit expert, are associated with the lower share of syndicated loans held by lead arrangers. Second, we find that the number of lenders in general (or the number of foreign lenders in particular) in a loan is the largest when borrowers retain industry audit experts at both the firm- and partner-levels.
Relation:	Accounting Horizons, Online Early Accepted: April 29, 2014
Data Type:	article
DOI 連結:	http://dx.doi.org/10.2308/acch-50825
DOI:	10.2308/acch-50825
Appears in Collections:	[會計學系] 期刊論文

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML2	1092	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...