’s corporate governance mechanism. We used board size, CEO–Chairman combined structure and audit expenditure as a firm level … corporate governance mechanism. The panel data of fifty two companies listed on Karachi Stock Exchange covering the period from …

than nonfamily firms because of lower risk, this result does not hold in family firms with strong governance. Such good-governance … firms are more likely to choose specialist auditors than weak-governance firms and pay audit fees that are as high as those …