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Year 2011, Issue: 51, 191 - 216, 01.07.2011

Nancy M. Fan Jiuzhou Wang

Abstract

Firth (1997) denetçi ücretinin belirlenmesi modeline, “büyük denetçi” belirleyici değişkenini
eklemek suretiyle Big N denetçi ücreti primlerini incelemektedir. Ancak bu kukla değişken içsel
olabilmekte ve kişisel seçim hatalarına yol açabilmektedir. Çünkü müşteriler Big N ve Big N olmayan
denetçiler arasında tesadüfi olarak tahsis edilmiş olmayabilmektedir (Ireland and Lennox 2002;
Chaney et al. 2004). Bu çalışmada, öncelikle denetçi ücretinin belirlenmesi modelinde en küçük
kareler yöntemi uygulanmaktadır ve Big N denetçi ücret primleri yıllar boyunca tanımlanmaktadır.
Kişisel seçim hatalarını incelemek için, Heckman modeli ve düzeltme etkisi modeli uygulanmıştır.
Sonuçlar Norveç denetim piyasasında yıllar arasındaki Big N denetçi ücreti primlerini göstermektedir.

Keywords

Denetçi ücreti primi Kisisel seçim Heckman modeli Düzeltme etkisi modeli

Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway

Year 2011, Issue: 51, 191 - 216, 01.07.2011

Nancy M. Fan Jiuzhou Wang

Abstract

Prior study (Firth 1997) examines Big N audit fee premiums by adding a “big auditor” indicator variable in the audit fee determination model. But this dummy variable may be endogenous and cause self-selection bias because clients may not be randomly assigned across Big N and non-Big N auditors (Ireland and Lennox 2002; Chaney et al. 2004). In this paper we first run the ordinary least square (OLS) regression of the audit fee determination model, and Big N audit fee premiums are identified across years. To examine self-selection bias, we employ a Heckman model and a treatment effects model, estimated by both two-step and full maximum likelihood approaches. Results show Big N audit fee premiums across years for Norwegian audit market.

Keywords

Audit fee premium Self-selection Heckman model Treatment effects model

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Details

Other ID JA92ZZ73JC
Journal Section Research Article
Authors

Nancy M. Fan This is me

Jiuzhou Wang This is me

Publication Date July 1, 2011
Submission Date July 1, 2011
Published in Issue Year 2011 Issue: 51

Cite

APA Fan, N. M., & Wang, J. (2011). Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway. Muhasebe Ve Finansman Dergisi(51), 191-216.
AMA Fan NM, Wang J. Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway. Muhasebe ve Finansman Dergisi. July 2011;(51):191-216.
Chicago Fan, Nancy M., and Jiuzhou Wang. “Examination of Self-Selection Bias and Big N Audit Fee Premiums-Evidence from Norway”. Muhasebe Ve Finansman Dergisi, no. 51 (July 2011): 191-216.
EndNote Fan NM, Wang J (July 1, 2011) Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway. Muhasebe ve Finansman Dergisi 51 191–216.
IEEE N. M. Fan and J. Wang, “Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway”, Muhasebe ve Finansman Dergisi, no. 51, pp. 191–216, July 2011.
ISNAD Fan, Nancy M. - Wang, Jiuzhou. “Examination of Self-Selection Bias and Big N Audit Fee Premiums-Evidence from Norway”. Muhasebe ve Finansman Dergisi 51 (July 2011), 191-216.
JAMA Fan NM, Wang J. Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway. Muhasebe ve Finansman Dergisi. 2011;:191–216.
MLA Fan, Nancy M. and Jiuzhou Wang. “Examination of Self-Selection Bias and Big N Audit Fee Premiums-Evidence from Norway”. Muhasebe Ve Finansman Dergisi, no. 51, 2011, pp. 191-16.
Vancouver Fan NM, Wang J. Examination of Self-selection Bias and Big N Audit Fee Premiums-Evidence from Norway. Muhasebe ve Finansman Dergisi. 2011(51):191-216.