Credit rating agency response to appointment of female audit partners: Evidence from the UK

Andrews Owusu and Alaa Mansour Zalata

Journal of International Accounting, Auditing and Taxation, 2023, vol. 50, issue C

Abstract: We study the impact of appointing women as audit partners from a credit rating agency perspective. We investigate whether credit rating agencies value the appointment of women to audit partner positions differently than when men are appointed. This study uses a United Kingdom (UK) balanced panel data of 2472 firm-year observations of public quoted companies from 2009 to 2016 and analyzes how credit rating agencies respond to such appointments. We find a more positive credit score reaction after appointment of a female audit partner than that following the appointment of a male audit partner. This finding suggests that, from a credit rating agency perspective, there seems to be a business case for a particular gender when it comes to appointing audit partners.

Keywords: Audit partner gender; Credit scores; Debt market; Audit quality (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:50:y:2023:i:c:s1061951823000046

DOI: 10.1016/j.intaccaudtax.2023.100525

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