A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The High-Speed Railway Opening and Audit Fees: Evidence from China
By constructing a staggered difference-in-differences model, we examined the effect of the high-speed railway opening on audit fees and its mechanism. The high-speed railway opening significantly reduces audit fees, and the inhibitory effect is more pronounced in firms located in non-central cities and small- and medium-sized audit firms. Furthermore, the high-speed railway opening mainly affects the audit fees by intensifying the competition in the audit market, but information asymmetry has no significant impact, indicating that the high-speed railway opening mainly reduces the audit fees by reducing the audit costs. In addition, the high-speed railway opening can improve the audit quality, which further shows that the high-speed railway opening can promote reasonable competition in the audit market.
The High-Speed Railway Opening and Audit Fees: Evidence from China
By constructing a staggered difference-in-differences model, we examined the effect of the high-speed railway opening on audit fees and its mechanism. The high-speed railway opening significantly reduces audit fees, and the inhibitory effect is more pronounced in firms located in non-central cities and small- and medium-sized audit firms. Furthermore, the high-speed railway opening mainly affects the audit fees by intensifying the competition in the audit market, but information asymmetry has no significant impact, indicating that the high-speed railway opening mainly reduces the audit fees by reducing the audit costs. In addition, the high-speed railway opening can improve the audit quality, which further shows that the high-speed railway opening can promote reasonable competition in the audit market.
The High-Speed Railway Opening and Audit Fees: Evidence from China
Dongshan Ma (author) / Shengqiang Zhang (author) / Jiayu Zhao (author)
2022
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under ​CC BY-SA 1.0
Can the Opening of High-Speed Railway Restrain Corporate Financialization?
| DOAJ | 2023