Chou, Julia; Zaiats, Nataliya; Zhang, Bohui - In: Journal of Banking & Finance 46 (2014) C, pp. 1-20
This study explores whether a firm’s auditor choice affects its ability to access foreign equity capital. Using the equity holdings of 35,665 foreign mutual funds from 30 countries for the period 1998–2009, we find evidence that appointing a Big 4 auditor is associated with the increased...