The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China
The complexity of audit committee experience, including the overseas experience, has an important impact on corporate governance. In this paper, we study the impact of the overseas experiences of the members of audit committee on audit fees. Our empirical analysis and results show that the audit com...
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/5454418 |
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| _version_ | 1832561406485987328 |
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| author | Chengai Li Lin Pan Meilan Chen |
| author_facet | Chengai Li Lin Pan Meilan Chen |
| author_sort | Chengai Li |
| collection | DOAJ |
| description | The complexity of audit committee experience, including the overseas experience, has an important impact on corporate governance. In this paper, we study the impact of the overseas experiences of the members of audit committee on audit fees. Our empirical analysis and results show that the audit committee overseas experience can significantly increase audit fees. Further, the positive influence of the audit committee overseas experience on audit fees is more pronounced in state-owned enterprises and regions with weak marketization. In addition, we divide the overseas experience into overseas learning experience and overseas working experience. We find that both types of experience present in the audit committee significantly increase the audit fees. Finally, we find that the audit committee overseas experience can significantly improve the quality of accounting information and play a positive role in corporate governance. |
| format | Article |
| id | doaj-art-0de09af5775842d387781e78363667e1 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-0de09af5775842d387781e78363667e12025-02-03T01:24:59ZengWileyComplexity1076-27871099-05262021-01-01202110.1155/2021/54544185454418The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from ChinaChengai Li0Lin Pan1Meilan Chen2Business School, Zhejiang Wanli University, Ningbo 315100, ChinaSchool of Economics and Management, Xiamen University of Technology, Xiamen 361024, ChinaSchool of International Business, Guangdong University of Finance & Economics, Guangzhou 510320, ChinaThe complexity of audit committee experience, including the overseas experience, has an important impact on corporate governance. In this paper, we study the impact of the overseas experiences of the members of audit committee on audit fees. Our empirical analysis and results show that the audit committee overseas experience can significantly increase audit fees. Further, the positive influence of the audit committee overseas experience on audit fees is more pronounced in state-owned enterprises and regions with weak marketization. In addition, we divide the overseas experience into overseas learning experience and overseas working experience. We find that both types of experience present in the audit committee significantly increase the audit fees. Finally, we find that the audit committee overseas experience can significantly improve the quality of accounting information and play a positive role in corporate governance.http://dx.doi.org/10.1155/2021/5454418 |
| spellingShingle | Chengai Li Lin Pan Meilan Chen The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China Complexity |
| title | The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China |
| title_full | The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China |
| title_fullStr | The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China |
| title_full_unstemmed | The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China |
| title_short | The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China |
| title_sort | overseas experience of audit committee and audit fees empirical evidence from china |
| url | http://dx.doi.org/10.1155/2021/5454418 |
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