Search
Program Calendar
Browse By Day
Search Tips
Virtual Exhibit Hall
Personal Schedule
Sign In
Industry specialist auditors are of great importance for firms at their initial public offerings because they monitor financial reporting. Research has investigated the effects of high-quality financial reporting on firms’ performance at IPOs and in the post-IPO periods. In this paper, I propose and test a model of factors impacting IPO firms’ choice of an industry expert audit. My results show that the presence of venture capital and proprietary costs are the most important factors, and that both factors decrease the likelihood of employing an industry expert auditor.
Yang Xu, University of Colorado-Colorado Springs
Chan Li, University of Pittsburgh
Adi Masli, University of Kansas
Qian Xu, Peking University