Audit fee and banks’ communication sentiment

Staszkiewicz, Piotr; Karkowska, Renata

doi:10.1080/1331677x.2021.1985567

Cited by 4 publications

(3 citation statements)

References 54 publications

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“…Previous research by Abdullah et al (2015) also shows that the risk management committee (hereafter, RMC) has a role in risk control, detection, and prevention, particularly financial risk inherent and control risks may be related to audit fees based on the auditors' production costs (Badertscher et al 2014). Thus, corporate governance can reduce agency costs generated by information asymmetry between managers and shareholders, and reducing these costs will increase firm value (Staszkiewicz and Karkowska 2021). Interestingly, there is positive evidence about the relationship between RMC and audit fees (Hines et al 2015).…”

Section: Introductionmentioning

confidence: 99%

Readability of Financial Footnotes, Audit Fees, and Risk Management Committee

Prabhawa

Harymawan

2022

Risks

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We find that the readability of financial footnotes and risk management committees contributes to audit fees. We use observations from 758 companies listed in Indonesia for 2014–2018, and moderated regression analysis is used for statistical analysis. The results show that the readability of financial footnotes will affect audit fees paid, and RMC strengthens the relationship between the readability of financial footnotes and audit fees. In addition, we also used robustness assays to address endogeneity issues with consistent results as moderated regression analysis (hereafter MRA). These findings provide evidence for policymakers about the relationship between the readability of financial footnotes, RMC, and audit fees.

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Section: Introductionmentioning

confidence: 99%

Readability of Financial Footnotes, Audit Fees, and Risk Management Committee

Prabhawa

Harymawan

2022

Risks

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“…The corporate ecosystem and capital market are evolving into a responsible ecosystem emphasizing social responsibility, sustainability, and economic value creation (Halbritter and Dorfleitner 2015). While ESG management was centered on global corporations in the past, now is the era in which firms putting importance on social value in diverse fields emerges, and thus their survival becomes possible (Kotsantonis et al 2016;Staszkiewicz and Karkowska 2021). This study examined the effects of each corporate employee's ESG activity recognition on change support behavior, innovative organization culture, and job crafting.…”

Section: Discussionmentioning

confidence: 99%

The Effects of ESG Activity Recognition of Corporate Employees on Job Performance: The Case of South Korea

Jin

Kim

2022

JRFM

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Corporate environment, society, and governance (ESG) management activities have recently been consolidated in the business ecosystem, and many firms are considering their employees’ recognition and job changes according to organizational ESG strategy. This study aims to verify the effects of ESG activity recognition of corporate employees on job performance by mediating change support behavior, innovative organization culture, and job crafting. This study designs a structural equation model with a hypotheses based on previous studies. A questionnaire survey was carried out targeting large Korean manufacturing companies, and an analysis of 329 response copies was performed. As a result, ESG activity recognition did not directly affect job crafting, but it affected job crafting with the mediation of innovative organizational culture and change support behavior. ESG activity recognition also positively affected job crafting and job performance by mediating change support behavior and an innovative organization culture. Hence, the research shows that an innovative culture and change support behavior within an organization should be considered to improve ESG management performance.

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“…First, our study leaves room for improvement in the estimation model used to test our hypotheses. For example, a recent study has shown that client sentiment [75] and other factors affect audit fees. In addition, because this paper focuses on the existence of parent firms, it is not possible to use a fixedeffects model.…”

Section: Discussionmentioning

confidence: 99%

Impact of Parent Companies and Multiple Large Shareholders on Audit Fees in Stakeholder-Oriented Corporate Governance

Yamada

Fujita

2022

Sustainability

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This study aimed to investigate the impact of parent companies and other multiple large shareholders (MLSs) on the audit fees in Japanese firms, where stakeholder-oriented corporate governance is adopted. In such a firm, monitoring by many stakeholders can mitigate conflicts among shareholders. However, because the key stakeholders of these firms tend to resolve information asymmetry problems through insider communication, the level of audit effort is affected not only by the audit risk from principal–principal conflicts, but also by the demands of key stakeholders. Japanese parent companies tend to spin off their departments with high growth potential and provide incentives to lower subsidiaries’ cost of capital through information disclosure. Therefore, parent companies require greater audit efforts, and consequently, audit fees are expected to be higher. However, when MLSs are shareholders of the listed subsidiary, they can obtain relevant information via private communication. Thus, the need for quality accounting information will be smaller, the level of audit effort required will be smaller, and as a result, audit fees will be smaller. The results are consistent with these expectations. This paper contributes to the sustainable growth and economic development of firms and markets and has implications for the development of effective corporate governance mechanisms.

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Audit fee and banks’ communication sentiment

Cited by 4 publications

References 54 publications

Readability of Financial Footnotes, Audit Fees, and Risk Management Committee

Readability of Financial Footnotes, Audit Fees, and Risk Management Committee

The Effects of ESG Activity Recognition of Corporate Employees on Job Performance: The Case of South Korea

Impact of Parent Companies and Multiple Large Shareholders on Audit Fees in Stakeholder-Oriented Corporate Governance

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