Donovan, John; Frankel, Richard; Lee, Joshua; Martin, Xiumin - In: Journal of Accounting and Economics 58 (2014) 2, pp. 327-338
We view audit-quality choice as one among many that managers make to maximize firm value. We question whether audit-quality differences among publicly traded companies are of significant interest to investors, clients, and auditors and ask for research on this topic. Relatedly, we ask for...