(VF)L’objectif de cette recherche est d’examiner la relation entre la taille de l’auditeur externe et le montant des honoraires d’audit. Le choix de l’auditeur est, quant à lui, expliqué par les caractéristiques de gouvernance et de propriété de la firme. Sur la base d’un échantillon de 96 entreprises françaises cotées pendant la période 2004-2006, nous appliquons, pour tenir compte de cette double relation, un modèle de sélection de type Heckman. Les résultats du modèle montrent principalement le rôle prépondérant des comités d’audit indépendants dans la sélection des auditeurs de grande taille et la présence d’une prime d’audit en faveur des auditeurs de grande taille. (VA)The purpose of this paper is to investigate the relationship between the external auditor size and the audit fees. The selection of an external auditor is, however, explained by governance and ownership characteristics of the firm. Based on a sample of 96 listed French firms over the period 2004-2006, we use, to take account of this dual relationship, a Heckman’s selection model. Results show mainly the important role of independent audit committees in the selection of big auditors and the presence of a “Big auditor” premium.
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Paper provided by Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance) in its series Working Papers FARGO with number
1090501.
Length: 34 pages Date of creation: May 2009 Date of revision: Publication status: forthcoming in Finance Contrôle Stratégie Handle: RePEc:dij:wpfarg:1090501
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Find related papers by JEL classification: G30 - Financial Economics - - Corporate Finance and Governance - - - General M40 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - General
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