Almutairi, Ali R.; Dunn, Kimberly A.; Skantz, Terrance - In: Managerial Auditing Journal 24 (2009) August, pp. 600-623
Purpose – The purpose of this paper is to examine the relation between a company's bid-ask spread, a proxy for information asymmetry, and auditor tenure and specialization. Design/methodology/approach – The tests use clustered regression for a sample of 31,689 company-years from 1992 to 2001...