Impacts of equity structure on audit fees: Evidence from Chinese A-share listed companies in Shangha

• 作 者: 李舟 SONG Li-hua
• 机 构: College of business and economics, Australian National University,College of business and economics,
• 出 处: Journal of Chongqing University(English Edition)
• 发表日期: 2015年04期
• 关键词: equity audit companies listed owned shares proportion shaped assets profit

Based on the data of 923 Chinese listed companies in 2013 to 2014, we investigated the impact of company equity structure on audit fees from the perspective of cross section and period duration. It is found that there is a positive correlation between the proportion of state-owned shares in listed companies and audit fees. To be more specific, there is a U-shaped relation between audit fees and equity concentration which is represented by the proportion of the largest shareholder. And the equity restriction ratio, represented by the sum of the proportion of the second largest shareholder to the tenth, has a positive effect on audit fees.

Based on the data of 923 Chinese listed companies in 2013 to 2014, we investigated the impact of company equity structure on audit fees from the perspective of cross section and period duration. It is found that there is a positive correlation between the proportion of state- owned shares in listed companies and audit fees. there is a U-shaped relation between audit fees and equity concentration which is represented by the proportion of the largest shareholder. And the equity restriction ratio, represented by the sum of the proportion of the second largest shareholder to the tenth, has a positive effect on audit fees.