Women leading the audit process and audit fees: A European study

This study investigates if a gender effect exists on the audit fees associated with the presence of women in roles closely related to the audit process. The analysis is based on the largest European corporations studied between 2016 and 2018. The results show that firms with female chief financial o...

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Detalles Bibliográficos
Autores: Garcia-Blandon, Josep, Argilés-Bosch, J.M., Ravenda, Diego, Castillo-Merino, David
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universitat Ramon Llull (URL)
Repositorio:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/3769
Acceso en línea:http://hdl.handle.net/20.500.14342/3769
https://doi.org/10.1016/j.iedeen.2022.100206
Access Level:acceso abierto
Palabra clave:Female auditor
Female director
Female CFO
Audit fees
33
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spelling Women leading the audit process and audit fees: A European studyGarcia-Blandon, JosepArgilés-Bosch, J.M.Ravenda, DiegoCastillo-Merino, DavidFemale auditorFemale directorFemale CFOAudit fees33This study investigates if a gender effect exists on the audit fees associated with the presence of women in roles closely related to the audit process. The analysis is based on the largest European corporations studied between 2016 and 2018. The results show that firms with female chief financial officers and more female directors on the audit committee pay significantly lower audit fees than other firms. However, the results for the remaining gender variables (audit partner, chair of the audit committee, and chief executive officer) do not show any association. Additionally, we find that accounting expertise drives the association between female directors and audit fees. Therefore, neither non-expert female directors nor, more surprisingly, female directors who are labelled as financial experts, have any significant effects on audit fees. Another interesting finding is that the gender variables provide significant results when they are observed in more gender egalitarian contexts, though not in less egalitarian settings. These results have interesting implications at various levels.info:eu-repo/semantics/publishedVersionElsevierUniversitat Ramon Llull. IQS202420242022info:eu-repo/semantics/article13 p.application/pdfhttp://hdl.handle.net/20.500.14342/3769https://doi.org/10.1016/j.iedeen.2022.100206reponame:DAU Arxiu Digital de la Universitat Ramon Llullinstname:Universitat Ramon Llull (URL)InglésEuropean Research on Management and Business Economics© L'autor/aAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:dau.url.edu:20.500.14342/37692026-06-21T06:40:37Z
dc.title.none.fl_str_mv Women leading the audit process and audit fees: A European study
title Women leading the audit process and audit fees: A European study
spellingShingle Women leading the audit process and audit fees: A European study
Garcia-Blandon, Josep
Female auditor
Female director
Female CFO
Audit fees
33
title_short Women leading the audit process and audit fees: A European study
title_full Women leading the audit process and audit fees: A European study
title_fullStr Women leading the audit process and audit fees: A European study
title_full_unstemmed Women leading the audit process and audit fees: A European study
title_sort Women leading the audit process and audit fees: A European study
dc.creator.none.fl_str_mv Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author Garcia-Blandon, Josep
author_facet Garcia-Blandon, Josep
Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author_role author
author2 Argilés-Bosch, J.M.
Ravenda, Diego
Castillo-Merino, David
author2_role author
author
author
dc.contributor.none.fl_str_mv Universitat Ramon Llull. IQS
dc.subject.none.fl_str_mv Female auditor
Female director
Female CFO
Audit fees
33
topic Female auditor
Female director
Female CFO
Audit fees
33
description This study investigates if a gender effect exists on the audit fees associated with the presence of women in roles closely related to the audit process. The analysis is based on the largest European corporations studied between 2016 and 2018. The results show that firms with female chief financial officers and more female directors on the audit committee pay significantly lower audit fees than other firms. However, the results for the remaining gender variables (audit partner, chair of the audit committee, and chief executive officer) do not show any association. Additionally, we find that accounting expertise drives the association between female directors and audit fees. Therefore, neither non-expert female directors nor, more surprisingly, female directors who are labelled as financial experts, have any significant effects on audit fees. Another interesting finding is that the gender variables provide significant results when they are observed in more gender egalitarian contexts, though not in less egalitarian settings. These results have interesting implications at various levels.
publishDate 2022
dc.date.none.fl_str_mv 2022
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/20.500.14342/3769
https://doi.org/10.1016/j.iedeen.2022.100206
url http://hdl.handle.net/20.500.14342/3769
https://doi.org/10.1016/j.iedeen.2022.100206
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv European Research on Management and Business Economics
dc.rights.none.fl_str_mv © L'autor/a
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © L'autor/a
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 13 p.
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:DAU Arxiu Digital de la Universitat Ramon Llull
instname:Universitat Ramon Llull (URL)
instname_str Universitat Ramon Llull (URL)
reponame_str DAU Arxiu Digital de la Universitat Ramon Llull
collection DAU Arxiu Digital de la Universitat Ramon Llull
repository.name.fl_str_mv
repository.mail.fl_str_mv
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