Document Type

Article

Publication Date

2011

Publication Title

Journal of Accounting and Public Policy

Volume

30

Issue

4

First Page

367

Last Page

382

DOI

10.1016/j.jaccpubpol.2010.10.002

Keywords

Experiment/theoretical treatment, Board of directors, Business And Economics--Accounting, Auditing

Abstract

This study investigates the relationships among industry specialist auditors, outside directors, and financial analysts. Specifically, we examine the effect of analyst coverage on the association between auditor industry specialization and outside directorship. We find that outside directors are less likely to hire industry specialist auditors for firms with high analyst coverage than for firms with low analyst coverage. Our findings suggest that analyst coverage moderates outside directors' demand for industry specialist auditors, that is, financial analysts may compete with industry specialist auditors to some extent in monitoring financial reporting process.

Comments

NOTICE: this is the author’s version of a work that was accepted for publication in the Journal of Accounting and Public Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in the Journal of Accounting and Public Policy, 30 (4), 2011 and is available here.

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