92
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

Gobierno corporativo, conflictos de agencia y elección de auditor

Corporate Governance, agency conflicts and auditor choice

, , &
Pages 113-156 | Received 20 Jan 2006, Accepted 14 Oct 2007, Published online: 15 Jan 2014

BIBLIOGRAFÍA

  • Anderson, R. C.; Mansi, S. A., y Reeb, D. M. 2004. Board characteristics, accounting report integrity, and the cost of debt, Journal of Accounting and Economics, 37, 315–342.
  • Abbott, L. J., y Parker, S. 2000. Auditor selection and audit committee characteristics, Auditing: A Journal of Practice and Theory, 19, 47–66.
  • Antle, R.; Gordon, E. A.; Narayanamoorthy, G., y Zhou, L. 2004. The joint determination of audit fees, nonaudit fees, and abnormal accruals, Documento de trabajo, Yale University.
  • Arruñada, B. 2000. Audit quality: Attributes, private safeguards and the role of regulation, European Accounting Review, 9, 205–224.
  • Ashbaugh, H., y Warfield, T. 2003. Audits as a Corporate Governance mechanism: Evidence from the German market, Journal of International Accounting Research, 2, 1–21.
  • Asthana, S. C.; Balsam, S., y Krishnan, J. 2003. Audit firm reputation and client stock price reactions: Evidence from the Enron experience, Documento de trabajo, Temple University.
  • Barton, J. 2005. Who cares about auditor reputation?, Contemporary Accounting Research, 22(3), 549–586.
  • Beasley, M. S. 1996. An empirical analysis of the relation between board of director composition and financial statement fraud, Accounting Review, 71, 443–465.
  • Beasley, M. S., y Petroni, K. R. 2001. Board independence and audit firm type, Auditing: A Journal of Practice and Theory, 20, 97–114.
  • Beatty, R. P. 1989. Auditor reputation and the pricing of initial public offerings, Accounting Review, 64, 693–709.
  • Bebchuk, L. A., y Bar-Gill, O. 2003. Misreporting corporate performance, Documento de trabajo, John M. Olin Center for Law, Economics, and Business, Harvard University, junio.
  • Becker, C. L.; Defond, M. L.; Jiambalvo, J., y Subramanyam, J. 1998. The effect of audit quality on earnings management, Contemporary Accounting Research, 15, 1–24.
  • Bédard, J.; Chtourou, S. M., y Courteau, L. 2004. The effect of Audit Committee expertise, independence, and activity on aggressive earnings management, Auditing: A Journal of Practice & Theory, 23, 13–35.
  • Bushman, R. M., y Smith, A. J. 2001. Financial accounting information and corporate governance, Journal of Accounting and Economics, 32, 237–333.
  • Carcello, J. V., y Neal, T. L. 2000. Audit Committee composition and auditor reporting, Accounting Review, 75, 453–467.
  • Carcello, J. V.,; Neal, T. L.; Hermanson, D. R.; Neal T. L., y Riley, R. A. 2002. Board characteristics and audit fees, Contemporary Accounting Research, 19, 365–384.
  • Chaney, P. K., y Philipich, K. L. 2002. Shredded reputation, The cost of audit failure. Journal of Accounting Research, 40, 1.221–1.245.
  • Chaney, P. K.; Meter, D., y Shivakumar, L. 2004. Self-selection of auditors and audit pricing in private firms, Accounting Review, 79, 51–72.
  • Citron, D. B., y Manalis, G. 2001. The international audit firms as new entrants to the statutory audit market. An empirical analysis of auditor selection in Greece, 1993–1997, European Accounting Review, 10, 439–459.
  • Collier, P., y Gregory, A. 1999. Audit Committee activity and agency costs, Journal of Accounting and Public Policy, 18, 311–332.
  • Datar, S. M.; Feltham, G. A., y Hughes, J. S. 1991. The role of audits and audit quality in valuing new issues, Journal of Accounting and Economics, 14, 3–49.
  • Davis, D., y Hay, D. 2004). The voluntary choice of an auditor of any level of quality, Auditing, A Journal of Practice and Theory, 23, 37–54.
  • Deangelo, L. E. 1981. Auditor size and audit quality, Journal of Accounting and Economics, 3, 183–199.
  • Dechow, P. M.; Sloan, R. G., y Sweeney, A. P. 1996. Causes and consequences of earnings manipulation, An analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research, 13, 1–36.
  • Defond, M. L. 1992. The association between changes in client firm agency costs and auditor switching. Auditing, A Journal of Practice and Theory, 11, 16–31.
  • Defond, M. L., y Jiambalvo, J. 1994. Debt-covenant violation and mani−pulation of accruals, Journal of Accounting and Economics, 17, 145–176.
  • Defond, M. L.; Raghunandan, K., y Subramanyam, K. R. 2002. Do non-audit service fees impair auditor independence? Evidence from going concern audit opinions, Journal of Accounting Research, 40, 1.247–1.274.
  • Deli, D. N., y Gillan, S. L. 2000. On the demand for independent and active audit committees, Journal of Corporate Finance, 6, 427–445.
  • Desai, M. A. 2005. The degradation of reported corporate profits, Journal of Economic Perspectives, 19, 171–192.
  • Dye, R. A. 1988. Earnings management in an overlapping generations model, Journal of Accounting Research, 26, 195–235.
  • Dye, R. A. 1993. Auditing standards, legal liability, and auditor wealth, Journal of Political Economy, 101, 887–914.
  • Easley, D., y O'hara, M. 2005. Information and the cost of capital, Journal of Finance, 59, 1.553–1.583.
  • Eguidazu, S. 1999. Creación de valor y gobierno de la empresa en España, Morgan Stanley Dean Witter, Madrid.
  • Fama, E. F. 1980. Agency problems and the theory of the firm, Journal of Political Economy, 88, 288–307.
  • Fama, E. F., y Jensen, M. C. 1983. Separation of ownership and control, Journal of Law and Economics, 26, 301–325.
  • Fan, J. P. H., y Wong, T. J. 2005. Do external auditors perform a corporate governance role in emerging markets?, Evidence from East Asia. Journal of Accounting Research, 43, 35–72.
  • Farber, D. B. 2005. Restoring after fraud, Does Corporate Governance matter?, Accounting Review 80, 539–561.
  • Firth, M. A. 2002. Auditor provided consultancy services and their associations with audit fees and audit opinions, Journal of Business Finance and Accounting, 29, 661–693.
  • Firth, M., y Liau-Tan, CH.K. 1998. Auditor quality, signalling, and the valuation of initial public offerings, Journal of Business Finance & Accounting, 25, 145–165.
  • Francis, J. R., y Wilson, E. R. 1988. Auditor changes, A joint test of theories relating to agency costs and auditor differentiation, Accounting Review, 63, 663–682.
  • Francis, J. R.; Maydew, E., y Charles sparks, H. 1999. The role of big 6 auditors in the credible reporting of accruals, Auditing, A Journal of Practice and Theory, 18, 17–34.
  • Francis, J; Lafond, R.; Olsson, P. y Schipper, K. 2005. The market pricing of accruals quality, Joumal of Accounting and Economics, 39, 295–327.
  • García benau, M. A.; Ruíz, E., y Vico, A. 2000. Factores que condicionan la elección y el cambio de auditor en la empresa española, Revista de Contabilidad, 3, 49–80.
  • Ireland, J. C., y Lennox, C. S. 2002. The large audit firm fee premium, A case of selectivity bias?, Journal of Accounting, Auditing and Finance, 17, 73–91.
  • Jensen, M. C. 1993. Presidential address, The modern industrial revolution, exit and the failure of internal control systems, Journal of Finance, 48, 831–880.
  • Jensen, M. C., y Meckling, W. H. 1976. Theory of the firm, Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3, 305–360.
  • Jones, J. J. 1991. Earnings management during import relief investigations, Journal of Accounting Research, 29, 193–228.
  • Klein, A. 2002. Audit committees, board of director characteristics and earnings management, Journal of Accounting and Economics, 33, 375–400.
  • Kothari, S. P.; Leone, A. J., y Wasley, CH.E. 2005. Performance matched discretionary accrual measures, Joumal of Accounting and Economics, 39, 163–197.
  • Lennox, C. S. 2005. Management ownership and audit firm size, Contemporary Accounting Research, 22, 1–23.
  • Louis, H. 2005. Acquirers' abnormal returns and the non-Big 4 auditor clientele effect, Journal of Accounting and Economics, 40, 75–99.
  • Menon, K., y Williams, D. D. 1991. Auditor credibility and initial public offerings, Accounting Review, 66, 313–332.
  • Monterrey, J. 2004. Información contable y Gobierno Corporativo, Revista de Contabilidad, 7(número monográfico), 89–122.
  • Philippon, Th., y Kedia, S. 2006. The economics of fraudulent accounting, Review of Financial Studies, en prensa.
  • Pittman, J., y Fortin, S. 2005. Auditor choice and the cost of debt capital for newly public firms, Journal of Accounting and Economics, 37, 113–136.
  • Shleifer, A., y Vishny, R. W. 1986. Large shareholders and corporate control, Journal of Political Economy, 94, 461–488.
  • Shu, S. Z. 2000. Auditor resignations, Clientele effects and legal liability, Journal of Accounting and Economics, 29, 173–205.
  • Spencer, S. 2005. Indice Spencer Stuart de Consejos de Administración (España), Madrid, noviembre.
  • Sweeney, A. P. 1994. Debt-covenant violations and managers' ac−counting responses, Journal of Accounting and Economics, 17, 281–308.
  • Teoh, S. H., y Wong, T. 1993. Perceived auditor quality and the earnings response coefficient, Accounting Review, 68, 346–367.
  • Titman, S., y Trueman, B. 1986. Information quality and the valuation of new issues, Journal of Accounting and Economics, 8, 159–172.
  • U.S. GENERAL ACCOUNTING OFFICE (GAO). 2003. Accounting firm consolidation, Selected large public company views on audit fees, quality, independence, and choice, GAO-03–1158, Washington, DC.
  • Vafeas, N. 1999. Board meeting frequency and firm performance, Journal of Financial Economics, 53, 113–142.
  • Watts, R. L., y Zimmerman, J. L. 1983. Agency problems, auditing, and the theory of the firm, Some evidence. Journal of Law and Economics, 26, 613–633.
  • Watts, R. L., y Zimmerman, J. L. 1986. Positive Accounting Theory, Englewood, Cliffs, NJ: Prentice Hall.
  • Warfield, T. D.; Wild, J. J., y Wild, K. L. 1995. Managerial ownership, accounting choices, and informativeness of earnings. Joumal of Accounting and Economics, 20, 61–91.
  • Xie, B.; Davidson, W. N., y Dadalt, P. J. 2003. Earnings management and Corporate Governance, The roles of the Board and the Audit Committee, Journal of Corporate Finance, 9, 295–316.

9. REFERENCIAS

  • Abidin, S.; Beattie, V., y Goodacre, A. 2007. An Analysis of UK Audit Market Concentration and Fee Rates: Pre and Post Andersen Demise (1998–2003), Papel de trabajo.
  • Bradbury, M. E. 1990. The incentives for voluntary audit committee formation, Journal of Accounting and Public Policy, 9, 19–36.
  • Carcello, J. V.; Hermanson, R. H., y Mcgrath, N. T. 1992. Audit quality atributes: The perceptions of audit partners, preparers and financial statement users, Auditing: A Journal of Practice & Theory 11(1), 1–15.
  • Chow, C. W. 1982. The demand for external auditing: Size, debt, and ownership influences, The Accounting Review, 57(2), 272–291.
  • Craswell, A. T.; Francis, J. R., y Taylor, S. L. 1995. Auditor brand name reputations and industry specializations, Journal of Accounting & Economics, 20, 297–322.
  • Deangelo, L. E. 1981. Auditor size and audit quality, Journal of Accounting and Economics, 3, 183–199.
  • Defond, M. L. 1992. The association between changes in client firm agency costs and auditor switching, Auditing: A Journal of Practice and Theory, 11, 16–31.
  • Defond, M. L.; Francis, J. R., y Wong, T. J. 2000. Auditor industry specialization and market segmentation: Evidence from Hong Kong. Auditing: A Journal of Practice & Theory, 19(1), 49–66.
  • Dopuch, N., y Simunic, D. 1980. The Nature of Competition in the Auditing Profession: A Descriptive and Normative View, en: Regulation and the Accounting Profession. Editado por BUCKLEY, J., y WESTON, J.: Lifetime Learning, 77–94.
  • Dopuch, N., y Simunic D. 1982. The competition in auditing:an assessment, Fourth Symposium on Auditing Research, 401–405. Urbana: University of Illinois.
  • Eichenseher, J., y Shield, D. 1986. The Correlates of CPA-Firms Change for Publicly Held Corporation, Auditing Journal of Practice and Theory, primavera, 23–32.
  • Fernández méndez, C., y Arrondo, R. 2007. The Effects of Ownership Structure and Board Composition on the Audit Committee Meeting Frequency: Spanish evidence, Corporate Governance 15(5), 909–922.
  • Firth, M. 1997. The provision of non-audit services and the pricing of audit fees, Journal of Business, Finance and Accounting 24(3), 511–525.
  • Francis, J. R., y Wilson, E. R. 1988. Auditor changes: A joint test of theories relating to agency costs and auditor differentiation, Accounting Review, 63, 663–682.
  • Francis, J. R.; Maydew, E., y Charles sparks, H. 1999. The role of big 6 auditors in the credible reporting of accruals, Auditing: A Journal of Practice and Theory, 18, 17–34.
  • Francis, J. R.; Khurana, I. K., y Pereira, R. 2003. The role of accounting and auditing in the corporate governance and the development of financial markets around the world, Asia-Pacific Journal of Accounting and Economics, 10, 1–30.
  • Ireland, J. C., y Lennox, C. S. 2002. The large audit firm fee premium: A case of selectivity bias?, Journal of Accounting, Auditing and Finance, 17(1), 73–91.
  • Jensen, M. C. 1993. Presidential address: The modern industrial revolution, exit and the failure of internal control systems, Journal of Finance, 48, 831–880.
  • Jensen, M. C., y Meckling, W. H. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3, 305–360.
  • Jiraporn, P. 2006. Corporate governance, shareholder rights, and Arthur Andersen, Journal of Applied Finance, Otoño/invierno.
  • Johnson, W.B.m y Lys, T. 1986. The Market for Audit Service: Evidence from voluntary audit service, Papel de trabajo, Northwestern university.
  • Kane, G., y Velury, U. 2004. The role of institutional ownership in the market for auditing services: an empirical investigation, Journal of Business Research, 57, 976–983.
  • Klein, A. 2002. Audit committee, board of director characteristics, and earning management, Journal of Accounting and Economics, 33, 375–400.
  • La porta, R.; López DE Silanes, F.; Shleifer, A., y Vishny, R. 1998. Law and Finance, Journal of Political Economy, 106(6), 1.113–1.155.
  • La porta, R.; López DE Silanes, F.; Shleifer, A., y Vishny, R. 2000. Investor protection and corporate governance, Journal of Financial Economics, 58, 3–27.
  • López iturriaga, F. J., y Rodríguez sanz, J. A. 2001. Ownership Structure, Corporate Value and Firm Investment: A Simultaneous Equations Analysis of Spanish Companies, Journal of Management and Governance, 5(2), 179–204.
  • Monterrey, J. 2004. Información contable y Gobierno Corporativo, Revista de Contabilidad, 7(número monográfico), 89–122.
  • Palmrose, Z. 1984. The demand for quality-differentiated audit services in an agency-cost setting: an empirical investigation, in Abdel-Khalik, A. R.; Solomon, I. (Eds.): Auditing Research Symposium, 1984, University of Illinois, Urbana, IL.
  • Ruiz barbadillo, E.; Biedma lópez, E., y Gómez aguilar, N. 2007. Managerial dominance and audit committee independence in Spanish corporate governance context, Journal of Management and Governance, 4, 311–352.
  • Shleifer, A., y Vishny, R. W. 1986. Large shareholders and corporate control, Journal of Political Economy, 94, 461–488.
  • Simunic, D., y Stein, M. 1987. Product differentiation in auditing: Auditor choice in the market for unseasoned new issues, VANCOUVER, B. C.: The Canadian Certified General Accountants' Research Foundation.
  • Teoh, S. H., y Tak-Jun W. 1993. Perceived auditor quality and the earnings response coefficient, Accounting Review, 68, 346–367.
  • Watts, R. L., y Zimmerman, J. L. 1983. Agency problems, auditing, and the theory of the firm: Some evidence», Journal of Law and Economics, 26, 613–633.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.