Audit Fee and Audit Quality: An Empirical Analysis in Family Firms

Saeid Homayoun and Maryam Hakimzadeh
Additional contact information
Saeid Homayoun: Faculty of Education and Economics, University of G vle, Kungsb cksv gen 47, SE-801 76 G vle, Sweden.
Maryam Hakimzadeh: Department of Accounting, Firoozabad branch, Islamic Azad University, Firoozabad, Iran.

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 2, 469-476

Abstract: The purpose of this research is to investigate the relationship between audit fee and audit quality in family firms on the Tehran stock exchange. The study period is from 2007 to 2014. The sample consists of 30 family firms and 30 non-family firms. To test our hypotheses, the following methods were used: Two-independent-samples t-test mean comparison and regression model. The results of this research show that there is a significant difference between audit fee in family and non-family firms, and that also family and non-family firms do not significantly differ in terms of size and auditor expertise. The results show that family firms pay lower audit fees compared to non-family firms, such that with increased family ownership, the audit fee decreases.

Keywords: Family Firms; Audit Fee; Audit Firm Size; Quality; Audit Firm Expertise (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/3567/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/3567/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-02-61

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().