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the first study for an emerging economy and more certainly for India to examine the firm ownership-auditor nexus. …
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The paper assembles data on over 1,000 manufacturing and services firms in India for the entire post-reform period from …
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The paper examines how external auditing and managerial ownership relate to firm valuation. It is argued that both external auditors (which serves as an external monitoring function) and managerial ownership (which serves as an internal monitoring function) affect firm value, while internal...
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