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Board gender diversity, auditor fees, and auditor choice
journal contribution
posted on 2017-09-01, 00:00 authored by Karen Lai, Bin Srinidhi, Ferdinand GulFerdinand Gul, J S L TsuiWe examine whether the presence of female directors and female audit committee members affect audit quality in terms of audit effort and auditor choice by using observations from a sample of U.S. firms, spanning the years 2001–2011. We find, after controlling for endogeneity and other board, firm, and industry characteristics, that firms with gender-diverse boards (audit committees) pay 6 percent (8 percent) higher audit fees and are 6 percent (7 percent) more likely to choose specialist auditors compared to all-male boards (audit committees). Our findings suggest that boards (audit committees) with female directors (members) are likely to demand higher audit quality, ceteris paribus.
History
Journal
Contemporary accounting researchVolume
34Issue
3Pagination
1681 - 1714Publisher
Wiley-BlackwellLocation
Chichester, Eng.Publisher DOI
ISSN
0823-9150eISSN
1911-3846Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2017, CAAAUsage metrics
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