Study on the Correspondence between Premium and Discount of Audit Fee and the Difference in Reputation in Initial Discount Data from A Stock Market in China
Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Available Online January 2014.
- https://doi.org/10.2991/gecss-14.2014.9How to use a DOI?
- audit fee, premium, discount, reputation.
- Using the data of audit fee in four consecutive years in Chinese A stock market, the paper conducted an empirical test on the correspondence between the premium and discount of the fee in the audit industry and the difference in reputation in granting discount. The results were analyzed by multiple regression analyses. It finds that in the early stage of development, there is a significant fee discount in China’s audit industry. Particularly, the international “Big Four” accounting firms granted less obvious discounts, the domestic big accounting firms granted the biggest margin of discount, followed by local accounting firms. Correspondingly, the international “Big Four”, claimed the biggest margin of premium, while some domestic big accounting firms also claimed certain margin of premium.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Cunyan Zhang AU - Haiping Lv AU - Yahui Tian AU - Cairong Wang PY - 2014/01 DA - 2014/01 TI - Study on the Correspondence between Premium and Discount of Audit Fee and the Difference in Reputation in Initial Discount Data from A Stock Market in China BT - 2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14) PB - Atlantis Press SP - 33 EP - 37 SN - 1951-6851 UR - https://doi.org/10.2991/gecss-14.2014.9 DO - https://doi.org/10.2991/gecss-14.2014.9 ID - Zhang2014/01 ER -