| Budget Amount *help |
¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2017: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2016: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
|
|---|
| Outline of Final Research Achievements |
In this study, I empirically investigate the relationship between audit quality, corporate governance, and earnings management. The main findings are as follows: (1) higher foreign institutional ownership leads to lower accrual-based and real earnings management and (2) foreign institutional investors play a vital role in influencing a firm’s auditor choice. This result indicates that foreign institutional investors have stronger incentives to demand high-quality audits to facilitate their monitoring post their investment in overseas firms. I also provide evidence that higher business risk does not have a significant influence on an auditor’s pricing behavior.
|
