Choi, Jong-Hag; Lee, Woo-Jong; Cahan, Steven - In: Accounting and Finance 54 (2014) 1, pp. 135-163
type="main" xml:id="acfi12011-abs-0001" <title type="main">Abstract</title> <p>Prior studies document a negative association between Big 4 auditor choice and the implied cost of equity capital, suggesting that Big 4 auditors mitigate information asymmetry (IA) between shareholders and managers. This study extends this line...</p>