Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

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

Authors
Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Corresponding Author
Cunyan Zhang
Available Online January 2014.
DOI
https://doi.org/10.2991/gecss-14.2014.9How to use a DOI?
Keywords
audit fee, premium, discount, reputation.
Abstract
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.
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Proceedings
2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
Part of series
Advances in Intelligent Systems Research
Publication Date
January 2014
ISBN
978-90-78677-96-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/gecss-14.2014.9How to use a DOI?
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  -