Impacts of equity structure on audit fees: Evidence from Chinese A-share listed companies in Shanghai Stock Exchange
Impacts of equity structure on audit fees: Evidence from Chinese A-share listed companies in Shanghai Stock Exchange作者机构：College of business and economics Australian National University College of business and economics Chongqing University
出 版 物：《Journal of Chongqing University》 (重庆大学学报（英文版）)
年 卷 期：2015年第14卷第4期
页 面：155-163页
学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）]
主 题：audit fee proportion of state-owned shares ownership concentration equity restriction ratio
摘 要：Based on the data of 923 Chinese listed companies in 2013 to 2014, we investigated the impact of company equity structure on audit fees from the perspective of cross section and period duration. It is found that there is a positive correlation between the proportion of state-owned shares in listed companies and audit fees. To be more specific, there is a U-shaped relation between audit fees and equity concentration which is represented by the proportion of the largest shareholder. And the equity restriction ratio, represented by the sum of the proportion of the second largest shareholder to the tenth, has a positive effect on audit fees.
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