Gobierno corporativo y factores determinantes del cambio de firma auditora en la gran empresa española

López‐Iturriaga, Félix J.; Herranz, César Zarza

doi:10.1080/02102412.2010.10779690

Cited by 3 publications

(3 citation statements)

References 39 publications

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“…In this regard, previous studies show (Calderon & Ofobike, 2008;Hudaib & Cooke, 2005;López Iturriaga & Zarza Herranz, 2010) that clients of the non Big-four audit firms change more often the audit firm, which increases competition in this market segment. This higher competition hinders client retention for audit firms, which ultimately can led to increased client pressures, not only to not reveal the errors and irregularities discovered during the engagement, but also, pressures to reduce audit prices.…”

Section: Pressures Perceived By Auditors In Their Professional Activitymentioning

confidence: 87%

An exploratory study of the pressures and ethical dilemmas in the audit conflict

Espinosa-Pike

Barrainkua

2016

Revista de Contabilidad

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Section: Pressures Perceived By Auditors In Their Professional Activitymentioning

confidence: 87%

An exploratory study of the pressures and ethical dilemmas in the audit conflict

Espinosa-Pike

Barrainkua

2016

Revista de Contabilidad

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“…Since the external audit and that markets ensure the quality of information, this paper uses the audit report (the presence or not qualified) in Ruiz et al (2002) and López Iturriaga and Zarza Herranz (2010) as a measure of financial reporting quality. We use additional data reports that are the CNMV may require from entities.…”

Section: Data and Research Methodologymentioning

confidence: 99%

Internal audit and financial reporting in the Spanish banking industry

Gras‐Gil

Marín‐Hernández

Lema

2012

Managerial Auditing Journal

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PurposeThe purpose of this paper is to examine the relationship between a firm's internal audit function (IAF) and the quality of its financial reporting. Since regulations on corporate governance were introduced, numerous national and international bodies have emphasized the fundamental role of the IAF in the financial reporting process, especially since it generally leads to higher quality reporting.Design/methodology/approachThe paper uses questionnaires sent to internal audit directors of Spanish banks.FindingsBanks with high quality financial reporting have greater collaboration between internal and external auditors in the annual audit. Greater involvement of internal audit in reviewing financial reporting leads to improved quality financial reporting.Research limitations/implicationsBesides the usual caveats of survey research, there are limitations to this study. First, the problem of response bias may exist. Second, the 66 per cent survey response rate may mean that respondents have larger or better‐developed internal audit functions, affording them more opportunity or motivation to respond to the survey. Hence, the results obtained through the survey may not be generalizable to non‐respondents.Practical implicationsThe findings are relevant for bank regulators, management, boards of directors, and investors. In the current discussion on transparency, integrity and quality of financial reporting, these findings help define the issues.Originality/valuePrevious empirical studies analyse the quality of financial reporting with actors in the corporate governance mosaic (board of directors, audit committee and external audit), but they do not do so directly with the IAF. This paper extends prior banking literature that analyses quality financial reporting along with other variables, but not internal audit.

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“…From the variables considered, this model allows an estimation of the probability of a firm presenting quality financial information or not, distinguishing variables with statistical significance (Wald test). We employed this model, which has been used by several authors (Callao-Gastón et al, 2008;García-Osma, 2008;Prior et al, 2008), as it does not require strict compliance with multivariate normality assumptions (López-Iturriaga & Zarza-Herranz, 2010). The capacity of the model is evaluated by its explanatory power R 2 , the interpretation of which is similar to the coefficient of determination of classic regression.…”

Section: Robustness Analysismentioning

confidence: 99%

El efecto de factores de gobierno corporativo en la calidad de la información financiera en empresas familiares y no familiares

Borralho

Gallardo‐Vázquez

Hernández-Linares

et al. 2020

RC-SAR

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El objetivo del estudio consiste en analizar la calidad de la información financiera de las empresas españolas, comparando las empresas familiares y las no familiares, y relacionando dicha calidad con las prácticas de gobierno corporativo. Para alcanzar este objetivo se analizó una muestra de 650 empresas españolas durante el período 2011-2016. Con base en la teoría de la agencia y en la literatura sobre la riqueza socioemocional, los resultados muestran una mayor calidad de la información financiera en las empresas familiares, relación que se ve reforzada por los factores de gobierno corporativo. Nuestros resultados son consistentes con la investigación previa y con las premisas de la teoría de agencia, que indican menores asimetrías de información entre propietarios y gestores en el singular contexto de las empresas familiares. Además, nuestro trabajo proporciona evidencia empírica de que la participación de las mujeres en el consejo de administración contribuye a la mayor calidad de la información financiera en las empresas familiares, contribuyendo a explicar la heterogeneidad de las empresas familiares en términos de gestión del resultado contable. El estudio contribuye a cubrir la brecha que existe en la literatura sobre la influencia del contexto de empresa familiar y la influencia de la presencia de las mujeres en el consejo sobre la calidad de la información financiera. The objective of this study is to explore the quality of financial information of Spanish firms, by comparing family firms with non-family firms, and relating this quality with corporate governance practices. For this purpose, a sample of 650 Spanish firms was analysed during the period 2011-2016. Based on agency theory and socioemotional wealth literature, the results show a higher quality of financial information in family firms, a relationship which is reinforced by corporate governance factors. Our results are consistent with the scant previous research, and with the premises of agency theory, which indicate lower asymmetry of information between owners and managers in the singular context of family firms. Additionally, our work provides evidence that the participation of women on the board boosts the quality of financial information in family firms, contributing to the justification of family firm heterogeneity in terms of earnings management. This study contributes to reducing the gap in the literature on the influence of the family business context and the influence of women on the board on the quality of financial reporting.

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Gobierno corporativo y factores determinantes del cambio de firma auditora en la gran empresa española

Cited by 3 publications

References 39 publications

An exploratory study of the pressures and ethical dilemmas in the audit conflict

An exploratory study of the pressures and ethical dilemmas in the audit conflict

Internal audit and financial reporting in the Spanish banking industry

El efecto de factores de gobierno corporativo en la calidad de la información financiera en empresas familiares y no familiares

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