Ge, Yao; Hung, Shengmin; Huang, Wei; Qiao, Zheng; Deng, Xin - 2022
This study investigates how investor trading behavior affects audit pricing by examining mutual fund herding in … and thus higher audit pricing. In our empirical tests, we find that herding weakens mutual funds’ information advantage … in herding intensity. Our findings are robust using propensity score matching method and alternative measures. Consistent …