Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies

Objective: The aim of this study is to analyze the influence of market structure on audit fees, based on industrial economics theories.Method: We use a Ordinary Least Squares (OLS) model in which audit fees is a dependent variable and concentration measures, market share and leadership, and a proxy...

Descripción completa

Detalles Bibliográficos
Autores: Schnidger, Cristian, Costa, Cristiano Machado, Pereira, Vanusa Batista
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:Brasil
Institución:Universidade de Brasília (UnB)
Repositorio:Contabilidade, Gestão e Governança
Idioma:inglés
portugués
OAI Identifier:oai:oai.jamg.cloud:article/2249
Acceso en línea:https://revistacgg.org/index.php/contabil/article/view/2249
Access Level:acceso abierto
Palabra clave:Audit fees
Market Structure
Market Leadership
Honorários de auditoria
Estrutura de mercado
Liderança de mercado
id BR_d4dcbc2443d9f4aac6493e1c9e7cd00a
oai_identifier_str oai:oai.jamg.cloud:article/2249
network_acronym_str BR
network_name_str Brasil
repository_id_str
dc.title.none.fl_str_mv Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
Análise da Relação entre a Estrutura de Mercado das Firmas de Auditoria e os Honorários de Auditoria Cobrados de Empresas Brasileiras
title Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
spellingShingle Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
Schnidger, Cristian
Audit fees
Market Structure
Market Leadership
Honorários de auditoria
Estrutura de mercado
Liderança de mercado
title_short Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
title_full Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
title_fullStr Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
title_full_unstemmed Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
title_sort Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian Companies
dc.creator.none.fl_str_mv Schnidger, Cristian
Costa, Cristiano Machado
Pereira, Vanusa Batista
author Schnidger, Cristian
author_facet Schnidger, Cristian
Costa, Cristiano Machado
Pereira, Vanusa Batista
author_role author
author2 Costa, Cristiano Machado
Pereira, Vanusa Batista
author2_role author
author
dc.subject.por.fl_str_mv Audit fees
Market Structure
Market Leadership
Honorários de auditoria
Estrutura de mercado
Liderança de mercado
topic Audit fees
Market Structure
Market Leadership
Honorários de auditoria
Estrutura de mercado
Liderança de mercado
description Objective: The aim of this study is to analyze the influence of market structure on audit fees, based on industrial economics theories.Method: We use a Ordinary Least Squares (OLS) model in which audit fees is a dependent variable and concentration measures, market share and leadership, and a proxy for audit quality are the main independent variables. The population was composed by the companies listed on Brazil Stock Exchange – B3, from 2010 to 2015, resulting in a sample with 1,663 observations in the period.Originality/Relevance: This research explores different metrics of market structure and control variables for a sample and period not previously analyzed in the Brazilian literature. The article addresses a relevanttopic for competition regulatory agencies, clients of audit firms and external users of financial statements.Results: The results confirmed the hypothesis that there is a positive relationship between market concentration and the audit fees, even when considering only the group of big firms. Evidence shows the existance of value to the brand and possible search for quality in auditing by publicly traded companies. We also found a positive relationship between audit fees and earnings management, contrary to the predicted hypothesis.Theoretical/Methodological contributions: The results showed that firms with higher market share charged higher audit fees to their clients. Among the big firms, the leader has significantly higher audit fees than the other firms. In addition, the positive relationship between audit fees and earnings management may mean that the audit firms charge higher amounts for those clients who practice management more intensively.
publishDate 2020
dc.date.none.fl_str_mv 2020-07-15
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistacgg.org/index.php/contabil/article/view/2249
10.51341/1984-3925_2020v23n2a6
url https://revistacgg.org/index.php/contabil/article/view/2249
identifier_str_mv 10.51341/1984-3925_2020v23n2a6
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv https://revistacgg.org/index.php/contabil/article/view/2249/PDF_En
https://revistacgg.org/index.php/contabil/article/view/2249/PDF_Pt
dc.rights.driver.fl_str_mv Copyright (c) 2020 Revista Contabilidade, Gestão e Governança
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Revista Contabilidade, Gestão e Governança
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Contabilidade Gestão e Governança
publisher.none.fl_str_mv Contabilidade Gestão e Governança
dc.source.none.fl_str_mv Journal of Accounting, Management and Governance; Vol. 23 No. 2 (2020); 235-255
Contabilidade Gestão e Governança; v. 23 n. 2 (2020); 235-255
1984-3925
reponame:Contabilidade, Gestão e Governança
instname:Universidade de Brasília (UnB)
instacron:UNB
instname_str Universidade de Brasília (UnB)
instacron_str UNB
institution UNB
reponame_str Contabilidade, Gestão e Governança
collection Contabilidade, Gestão e Governança
repository.name.fl_str_mv Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)
repository.mail.fl_str_mv jamg.cgg@gmail.com
_version_ 1853661292869451776
spelling Analysis of the Relationship Between Audit Market Structure and Audit Fees Charged to Brazilian CompaniesAnálise da Relação entre a Estrutura de Mercado das Firmas de Auditoria e os Honorários de Auditoria Cobrados de Empresas BrasileirasAudit feesMarket StructureMarket LeadershipHonorários de auditoriaEstrutura de mercadoLiderança de mercadoObjective: The aim of this study is to analyze the influence of market structure on audit fees, based on industrial economics theories.Method: We use a Ordinary Least Squares (OLS) model in which audit fees is a dependent variable and concentration measures, market share and leadership, and a proxy for audit quality are the main independent variables. The population was composed by the companies listed on Brazil Stock Exchange – B3, from 2010 to 2015, resulting in a sample with 1,663 observations in the period.Originality/Relevance: This research explores different metrics of market structure and control variables for a sample and period not previously analyzed in the Brazilian literature. The article addresses a relevanttopic for competition regulatory agencies, clients of audit firms and external users of financial statements.Results: The results confirmed the hypothesis that there is a positive relationship between market concentration and the audit fees, even when considering only the group of big firms. Evidence shows the existance of value to the brand and possible search for quality in auditing by publicly traded companies. We also found a positive relationship between audit fees and earnings management, contrary to the predicted hypothesis.Theoretical/Methodological contributions: The results showed that firms with higher market share charged higher audit fees to their clients. Among the big firms, the leader has significantly higher audit fees than the other firms. In addition, the positive relationship between audit fees and earnings management may mean that the audit firms charge higher amounts for those clients who practice management more intensively.Objetivo: analisar a influência da estrutura de mercado nos honorários de auditoria, a partir das teorias da economia industrial.Método: foi utilizado o modelo de mínimos quadrados ordinários, tendo os honorários de auditoria como variável dependente, as medidas de concentração, fatias e liderança de mercado como variáveis de interesse e uma proxy para a qualidade das auditorias, em uma amostra de 1.663 observações, no período de 2010 a 2015, de companhias listadas na [B]3 (Brasil, Bolsa, Balcão).Originalidade/Relevância: a pesquisa explora diferentes métricas de estrutura de mercado e variáveis de controle para uma amostra e um período até então não analisados na literatura nacional. Aborda uma temática de relevância para órgãos reguladores, clientes de firmas de auditoria e usuários externos das demonstrações financeiras.Resultados: há relação positiva entre a concentração de mercado e os honorários de auditoria, inclusive quando consideradas somente firmas big. As evidências demonstram atribuição de valor à marca e possível busca por qualidade na contratação de auditorias pelas companhias abertas. Foi encontrada, ainda, uma relação positiva entre o gerenciamento de resultados e os honorários, ao contrário da hipótese prevista.Contribuições teóricas/metodológicas: os achados revelaram que as firmas com maior market share (participação no mercado) cobraram maiores honorários de seus clientes. Entre firmas big, a líder aufere honorários significativamente maiores. A relação positiva entre o gerenciamento de resultados e os honorários pode significar que as empresas de auditoria cobrem maiores valores para aqueles clientes que praticam, com mais agressividade, o gerenciamento.Contabilidade Gestão e Governança2020-07-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://revistacgg.org/index.php/contabil/article/view/224910.51341/1984-3925_2020v23n2a6Journal of Accounting, Management and Governance; Vol. 23 No. 2 (2020); 235-255Contabilidade Gestão e Governança; v. 23 n. 2 (2020); 235-2551984-3925reponame:Contabilidade, Gestão e Governançainstname:Universidade de Brasília (UnB)instacron:UNBengporhttps://revistacgg.org/index.php/contabil/article/view/2249/PDF_Enhttps://revistacgg.org/index.php/contabil/article/view/2249/PDF_PtCopyright (c) 2020 Revista Contabilidade, Gestão e Governançainfo:eu-repo/semantics/openAccessSchnidger, CristianCosta, Cristiano MachadoPereira, Vanusa Batista2021-09-23T08:42:00Zoai:oai.jamg.cloud:article/2249Revistahttp://www.revistacgg.org/index.php/contabilPUBhttps://revistacgg.org/index.php/contabil/oaijamg.cgg@gmail.com1516-70111984-3925opendoar:2021-09-23T08:42Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)false
score 15.300719

Similares en LA Referencia