Audit quality and financial distress: Evidence from China

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dc.contributor.author Lu, Y en
dc.contributor.author Ma, Diandian en
dc.date.accessioned 2018-10-08T00:37:32Z en
dc.date.issued 2016 en
dc.identifier.issn 1109-9526 en
dc.identifier.uri http://hdl.handle.net/2292/39294 en
dc.description.abstract This study empirically examines the relationship between audit quality and financial distress based on Chinese listed firms. This paper examines whether high audit quality can reduce the likelihood of financial distress, especially in high growth firms and government owned firms. Results indicate that the quality of the external audit has a negative relationship with financial distress. In addition, for high growth firms, results show that the relationship between audit quality and financial distress is more significant. Finally, the association between audit quality and financial problems is moderated by ownership. The overall results demonstrate that audit quality is negatively associated with financial distress and their relationship is enhanced in growth firms and state-owned firms. The findings suggest that in China, external auditing is an effective governance mechanism to face a financial crisis. en
dc.relation.ispartofseries WSEAS Transactions on Business and Economics en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/1109-9526/ en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.subject Audit quality, Financial distress, Growth, Ownership en
dc.title Audit quality and financial distress: Evidence from China en
dc.type Journal Article en
pubs.begin-page 330 en
pubs.volume 13 en
dc.rights.holder Copyright: WSEAS Transactions on Business and Economics en
pubs.author-url http://wseas.org/wseas/cms.action?id=12125 en
pubs.end-page 340 en
dc.rights.accessrights http://purl.org/eprint/accessRights/OpenAccess en
pubs.subtype Article en
pubs.elements-id 528951 en
pubs.org-id Business and Economics en
pubs.org-id Graduate School of Management en
pubs.org-id Business Masters en
dc.identifier.eissn 2224-2899 en
pubs.number 31 en
pubs.record-created-at-source-date 2016-05-26 en


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