Economics at your fingertips  

France’s joint-audit requirement and audit fees: The influence of ownership and governance

Mehdi Nekhili (), Wafa Masmoudi Ayadi and Dhikra Chebbi
Additional contact information
Wafa Masmoudi Ayadi: Université de Sfax - University of Sfax
Dhikra Chebbi: UM - Le Mans Université

Post-Print from HAL

Abstract: Besides the size of the external auditor, which is a major determinant, audit fees depend also on audit market characteristics, corporate governance and ownership. On the basis of a sample of 130 French listed companies during the 2004–2006 period, we present evidence of a "Big" auditor premium. The results highlight that the presence of a "Big" among auditors has a positive and significant effect of the level of audit fees. This impact is more important in the case of joint audit by two "Big" auditors. The choice of a "Major" auditor also increases the level of audit fees. Finally, we find that governance and ownership characteristics act in different ways on auditor's selection involving complementarity or substitution with external audit.

Keywords: External Auditor; Big Four; Majors; Audit Fees; Governance; Ownership Structure (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server:
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in Corporate Ownership & Control, 2014, Vol. 11 (n° 2), pp 388-401

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2020-01-04
Handle: RePEc:hal:journl:hal-01165527