Audit fees, auditor choice and stakeholder influence: Evidence from a family-firm dominated economy

Khan, Arifur, Muttakin, Mohammad Badrul and Siddiqui, Javed 2015, Audit fees, auditor choice and stakeholder influence: Evidence from a family-firm dominated economy, British accounting review, vol. 47, no. 3, pp. 304-320, doi: 10.1016/

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Title Audit fees, auditor choice and stakeholder influence: Evidence from a family-firm dominated economy
Author(s) Khan, ArifurORCID iD for Khan, Arifur
Muttakin, Mohammad Badrul
Siddiqui, Javed
Journal name British accounting review
Volume number 47
Issue number 3
Start page 304
End page 320
Total pages 17
Publisher Academic Press
Place of publication Amsterdam, The Netherlands
Publication date 2015
ISSN 0890-8389
Keyword(s) Audit fees
Auditor choice
Emerging economy
Family control
Family ownership
Summary Despite the dominance of family-owned publicly listed companies in developing economies, prior research has paid relatively little attention to this area and the socio-economic context of these countries has been mostly ignored. This study contributes to the accounting literature by providing empirical evidence of the effects of family control and ownership on audit pricing and auditor choice in a developing economy context. Using 1058 firm-year observations of publicly listed companies in Bangladesh, where family firms are the most dominant form of public companies, we find that in comparison with non-family firms, our sample family firms pay significantly lower audit fees and choose lower quality auditors. However, for export-oriented industries, family firms seem to pay significantly higher audit fees and recruit better quality auditors compared to non-family firms. Collectively, our findings have important implications for audit markets in emerging economies in which the sustainability of family firms is crucial for overall economic development.
Language eng
DOI 10.1016/
Field of Research 150103 Financial Accounting
Socio Economic Objective 970115 Expanding Knowledge in Commerce
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier
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Document type: Journal Article
Collections: Faculty of Business and Law
Department of Accounting
2018 ERA Submission
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