Do political connections affect the role of independent audit committees and CEO Duality? Some evidence from Malaysian audit pricing

Bliss, Mark A., Gul, Ferdinand A. and Majid, Abdul 2011, Do political connections affect the role of independent audit committees and CEO Duality? Some evidence from Malaysian audit pricing, Journal of contemporary accounting and economics, vol. 7, no. 2, pp. 82-98, doi: 10.1016/j.jcae.2011.10.002.

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Title Do political connections affect the role of independent audit committees and CEO Duality? Some evidence from Malaysian audit pricing
Author(s) Bliss, Mark A.
Gul, Ferdinand A.ORCID iD for Gul, Ferdinand A. orcid.org/0000-0001-8260-1472
Majid, Abdul
Journal name Journal of contemporary accounting and economics
Volume number 7
Issue number 2
Start page 82
End page 98
Total pages 17
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2011-12
ISSN 1815-5669
Keyword(s) political connection
audit committees
CEO duality
audit fee pricing
Summary This study examines whether political connection to firms affects the association between audit committee independence and demand for higher quality audits. In line with Carcello et al. (2002), our findings show that there is a positive association between audit committee independence and audit fees thus supporting the hypothesis that more independent audit committees demand higher audit quality. However, we find that this relationship is weaker for politically connected (PCON) firms suggesting that the independence of audit committees in Malaysian PCON firms may be compromised. Additionally, we provide evidence that PCON firms that have CEO duality are perceived by audit firms as being of higher risk than CEO duality firms without political connection.
Language eng
DOI 10.1016/j.jcae.2011.10.002
Field of Research 150102 Auditing and Accountability
1501 Accounting, Auditing And Accountability
1402 Applied Economics
1502 Banking, Finance And Investment
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2011, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30080016

Document type: Journal Article
Collections: Department of Accounting
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