نویسندگان
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
Based on the literature of the agency theory, as the agency conflicts increases, enterprises have to choose independent audit firms. Thus, in the present study, the effect of corporate governance on choosing the audit firms by the companies listed in Tehran Stock Exchange is investigated by using a sample consisting of 711 company-year observations during 2001-2010. The statistical method used is logistic regression model with panel data. The result shows that there is a meaningful and positive relationship between the percentage of institutional ownership and ownership concentration and the auditor size. However, the results related to the variables of percentage of outside directors on the board and the debt ratio show that combination of the board and the monitoring role of creditors do not have a meaningful effect on the auditor size. The results related to control variables show that there is a meaningful and positive relationship between the variables of asset turnover ratio and the company size, and the chosen audit firm. Also, there is a negative and meaningful relationship between asset turnover and the chosen audit firm. However, the results related to ROA and some dummy industry variables indicate that, in general, the size of the chosen audit firm by the companies listed in Tehran Stock Exchange is not affected by these variables.
کلیدواژهها [English]
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