| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2017-05-20 |
| タイトル |
|
|
タイトル |
The Effect of Auditor Choice on Financing Decisions |
|
言語 |
en |
| 作成者 |
Chang, Xin
Dasgupta, Sudipto
| en |
Dasgupta, Sudipto
Hong Kong University of Science and Technology
|
Search repository
Hilary, Gilles
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Information asymmetry |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Capital Structure |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Auditor Quality |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
We provide evidence that the financing decisions of companies that are audited by a Big Six auditor are less affected by information asymmetry. Specifically, these companies enjoy greater financial flexibility and depend less on favorable market conditions for their equity issuance decisions than those not audited by a Big Six firm. As a consequence, their debt ratios are less affected either by their past stock price performance or by Baker and Wurgler's [2002] measure of market timing. In addition, consistent with the idea that these firms are able to issue equity more regularly, we find that these firms have lower target debt ratios. These results are economically significant. They are robust to endogenizing the selection of the auditor and they hold both cross-sectionally and in panel settings. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2005-12 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
関連名称 |
CEI Working Paper Series ; No. 2005-10 |
| 関連情報 |
|
|
|
識別子タイプ |
URI |
|
|
関連識別子 |
http://cei.ier.hit-u.ac.jp/index.html |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA11590659 |
| ページ数 |
|
|
ページ数 |
44 |
| JEL |
|
|
値 |
G32 |
| JEL |
|
|
値 |
D82 |
wp2005-10a.pdf (1120816 bytes)
