Agency costs and audit quality: evidence from France

References

• Anderson , D. , Francis , J. R. and Stokes , D. J. 1993 . Auditing, directorship and the demand for monitoring . Journal of Accounting and Public Policy , 12 : 353 – 375 .
   Web of Science ®Google Scholar
• Association Française des Entreprises Privées (AFEP) and Conseil National du Patronat Français (CNPF) . 1995 . Le conseil d'administration des sociétés cotées . Document AFEP-CNPF , July 24 pp
   Google Scholar
• Association Française des Entreprises Privées (AFEP) and Mouvement des Entreprises de France (MEDEF) . 1999 . Rapport du comité sur le gouvernement d'entreprise présidé par M. Marc Viénot . Document AFEP-MEDEF , July 28 pp
   Google Scholar
• Bah , R. and Dumontier , P. 1996 . Spécificité de l'actif et structure financière de l'entreprise . Banque & Marchés , 23 : 28 – 36 .
   Google Scholar
• Bah , R. and Dumontier , P. 1998 . R & D intensity and corporate financial policies , Lille : Congrès de l'Association Française de Finance . Working paper
   Google Scholar
• Begley , J. and Feltham , G. A. 1999 . An empirical examination of the relation between debt contracts and management incentives . Journal of Accounting and Economics , 27 : 229 – 259 .
   Web of Science ®Google Scholar
• Broye , G. Choix d'un cabinet d'audit différencié, sélection des banques introductrices, et sous-évaluation des titres introduits en bourse . Congrès de l'Association Française de Finance . June , Lille . 20 pp
   Google Scholar
• Casta , J. F. and Mikol , A. 1999 . Vingt ans d'audit: de la révision des comptes aux activités multisetvices , 107 – 121 . Comptabilitê—Contrôle—Audit/Les vingt ans de l'AFC .
   Google Scholar
• Chan , P. , Ezzamel , M. and Gwilliam , D. 1993 . Determinants of audit fees for quoted UK companies . Journal of Business Finance and Accounting , 20 ( 6 ) : 765 – 786 .
   Google Scholar
• Charreaux , G. 1987 . “ La théorie positive de l'agence: une synthèse de la littérature ” . In De nouvelles théories pour gérer l'entreprise, coll. Gestion , 21 – 55 . Economica .
   Google Scholar
• Charreaux , G. 1996 . Pour une véritable théorie de la latitude managériale et du gouvernement des entreprises . Revue Française de Gestion , 107 : 50 – 64 .
   Google Scholar
• Chow , C. W. 1982 . The demand for external auditing: size, debt and ownership influences . Accounting Review , 57 ( 2 ) : 272 – 291 .
   Web of Science ®Google Scholar
• Collier , P. and Gregory , A. 1996 . Audit committee effectiveness and the audit fee . European Accounting Review , 5 ( 2 ) : 177 – 198 .
   Google Scholar
• Compagnie Nationale des Commissaires aux Comptes . 1996 . Normes relatives à l'exercice des missions , Paris : CNCC éditions .
   Google Scholar
• Coulombe , D. and Tondeur , H. 2001 . Aspects contractuels de la comptabilité, forthcoming in Faire de la recherche en comptabilité financière , Edited by: Teller , R. and Dumontier , P. Vuibert : FNEGE .
   Google Scholar
• Craswell , A. T. , Francis , J. R. and Taylor , S. L. 1995 . Auditor brand name réputations and industry specialization . Journal of Accounting and Economics , 20 : 297 – 332 .
   Web of Science ®Google Scholar
• DeAngelo , L. E. 1981 . Auditor size and audit quality . Journal of Accounting and Economics , 3 ( 2 ) : 183 – 199 .
   Google Scholar
• DeFond , M. L. 1992 . The association between changes in client firm agency costs and auditor switching . Auditing: A Journal of Practice and Theory , 11 ( 1 ) : 16 – 31 .
   Web of Science ®Google Scholar
• Fama , E. F. and Jensen , M. C. 1983a . Separation of ownership and control . Journal of Law and Economics , 26 : 301 – 325 .
   Web of Science ®Google Scholar
• Fama , E. F. and Jensen , M. C. 1983b . Agency problems and residual claims . Journal of Law and Economics , 26 : 327 – 349 .
   Web of Science ®Google Scholar
• Francis , J. R. and Wilson , E. R. 1988 . Auditor changes: a joint test of theories relating to agency costs and auditor differentiation . Accounting Review , 63 ( 4 ) : 663 – 682 .
   Web of Science ®Google Scholar
• Galai , D. and Masulis , R. 1976 . The option pricing model and the risk factor of stock . Journal of Financial Economics , 3 : 53 – 81 .
   Web of Science ®Google Scholar
• Gaver , J. J. and Gaver , K. M. 1993 . Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies . Journal of Accounting and Economics , 16 : 125 – 160 .
   Web of Science ®Google Scholar
• Grand , B. 1996 . “ Approches théoriques de l'audit ” . In Centre d'Etudes et de Recherches sur les Organisations et la Gestion (CEROG), IAE Aix-en-Provence , Working Paper No. 469 University of Aix-Marseille III .
   Google Scholar
• Jensen , M. C. 1986 . Agency costs of free cash flow, corporate finance, and takeovers . American Economic Review , 76 ( 2 ) : 323 – 329 .
   Web of Science ®Google Scholar
• Jensen , M. C. and Meckling , W. 1976 . Theory of the firm: managerial behavior, agency costs and ownership structure . Journal of Financial Economics , 3 ( 4 ) : 305 – 360 .
   Web of Science ®Google Scholar
• Kester , W. C. 1984 . Today's options for tomorrow's growth . Harvard Business Review , March–April : 153 – 160 .
   Web of Science ®Google Scholar
• Klein , B. R. and Leffler , K. 1981 . The role of market forces in assuring contractual performance . Journal of Political Economy , 89 ( 4 ) : 615 – 641 .
   Web of Science ®Google Scholar
• La Porta , R. , Lopez-de-Silanes , F. , Shleifer , A. and Vishny , R. 1997 . Legal determinants of external finance . Journal of Finance , 52 ( 3 ) : 1131 – 1150 .
   Web of Science ®Google Scholar
• La Porta , R. , Lopez-de-Silanes , R , Shleifer , A. and Vishny , R. 1998 . Law and finance . Journal of Political Economy , 106 ( 6 ) : 1113 – 1155 .
   Web of Science ®Google Scholar
• La Porta , R. , Lopez-de-Silanes , E , Shleifer , A. and Vishny , R. 2000 . Investor protection and corporate governance . Journal of Financial Economics , 58 : 3 – 27 .
   Web of Science ®Google Scholar
• Lee , D. S. 1996 . Auditor market share, product differentiation and audit fees . Accounting and Business Research , 26 ( 4 ) : 315 – 324 .
   Google Scholar
• Mikol , A. and Standish , P. 1998 . Audit independence and nonaudit services: a comparative study in differing British and French perspectives . European Accounting Review , 7 ( 3 ) : 541 – 569 .
   Google Scholar
• Myers , S. C. 1977 . Determinants of corporate borrowing . Journal of Financial Economics , 5 ( 2 ) : 147 – 175 .
   Web of Science ®Google Scholar
• Palmrose , Z. V. 1988 . An analysis of auditor litigation and audit service quality . Accounting Review , 63 ( 1 ) : 55 – 73 .
   Web of Science ®Google Scholar
• Pigé , B. 1998 . “ Performance, audit et gouvernement d'entreprise ” . In Actes du XIXème congrès de l'Association Française de Comptabilité Vol. 1 , 227 – 242 . Nantes
   Google Scholar
• Pochet , C. 1998 . Inefficacité des mécanismes de contrôle managerial: le rôle de l'information comptable dans le gouvernement de l'entreprise . Comptabilité—Contrôle—Audit , 4 ( 2 ) : 71 – 88 .
   Google Scholar
• Roy , D. 1996 . The demand for external auditing: size, debt and ownership influences: a replication and extension , Vol. No. 96–09 , Cahier de recherche HEC Montréal . 22 pp
   Google Scholar
• Simunic , D. A. 1980 . The pricing of audit services: theory and evidence . Journal of Accounting Research , 18 ( 1 ) : 161 – 190 .
   Web of Science ®Google Scholar
• Skinner , D. J. 1993 . The investment opportunity set and accounting procedure choice: preliminary evidence . Journal of Accounting and Economics , 16 : 407 – 445 .
   Web of Science ®Google Scholar
• Watts , R. L. and Zimmerman , J. L. 1983 . Agency problems, auditing, and the theory of the firm: some evidence . Journal of Law and Economics , 26 : 613 – 633 .
   Web of Science ®Google Scholar
• Watts , R. L. and Zimmerman , J. L. 1986 . Positive Accounting Theory , Englewood Cliffs , NJ : Prentice Hall .
   Google Scholar
• Watts , R. L. and Zimmerman , J. L. 1990 . Positive accounting theory: a ten year perspective . Accounting Review , 65 ( 1 ) : 131 – 156 .
   Web of Science ®Google Scholar