CEO power and audit fees: Evidence from Malaysia. Issue 3 (13th August 2019)

• Record Type: Journal Article
• Authors: Tee, Chwee Ming
• Is Part Of: International journal of auditing. Volume 23:Issue 3(2019)
• Page Start: 365
• Page End: 386
• Publication Date: 2019-08-13
• Subjects: audit fees -- CEO power -- family ownership -- political connection; Auditing -- Periodicals; 647.45
• DOI: 10.1111/ijau.12166
• Languages: English
• ISSNs: 1090-6738

Abstract

Abstract : This study examines the association between chief executive officer (CEO) power and audit fees, and whether this association is influenced by family ownership and political connections. The results show that CEO power is associated with lower audit fees, consistent with alignment incentive effect. However, this relationship is attenuated by political connections and family ownership. Whereas the overall findings suggest that audit fees are affected by CEO power, its association is largely influenced by key institutional settings in an emerging market setting.