This study documents a substantial impact of Big4 auditor choice on the sale proceeds of controlling interests of U.S. private firms. A representative private stock-purchase company with median enterprise value ranging from $14 to 18 million experiences a dollar value decrease in enterprise...

This study documents a substantial impact of Big 4 auditor choice on the sale proceeds of controlling interests of U.S. private firms. A representative private stock-purchase company with median enterprise value ranging from $14 to $18 million experiences a dollar value decrease in enterprise...