This paper examines the association between bid-ask spread, a market based measure of information asymmetry, and auditor industry specialization and auditor tenure. Our results show that information asymmetry is negatively related to the employment of an industry specialist auditor and...

Purpose – The purpose of this paper is to examine the relation between a company's bid-ask spread, a proxy for information asymmetry, and auditor tenure and specialization. Design/methodology/approach – The tests use clustered regression for a sample of 31,689 company-years from 1992 to 2001...

Purpose – The purpose of this paper is to examine the impact of institutional holdings and corporate debts on audit quality, proxied by auditor industry specialization. Design/methodology/approach – The tests use regression analysis for a sample of 396 company-years from 2003 to 2008 and...