Female CEO succession and audit fees: evidence from China

Gull, Ammar Ali; Atif, Muhammad; Issa, Ayman; Usman, Muhammad; Siddique, Muhammad

doi:10.1108/maj-09-2020-2824

Cited by 32 publications

(16 citation statements)

References 95 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Companies with the smallest proportion were from the education sector (code P). Such a distribution of industries is similar in other studies with China as the research context (Jebran et al, 2019;Gull et al, 2021).…”

Section: Methodssupporting

confidence: 88%

Board informal hierarchy and audit quality: evidence from China

Zhang

Wang

Liao³

2023

MAJ

View full text Add to dashboard Cite

Purpose Improving audit quality is an important research area of managerial accounting. This study focuses on the informal institutions within organizations and their impact on audit quality. Specifically, this study aims to examine the impact of the informal hierarchy among directors on audit quality. Design/methodology/approach The authors examine Chinese companies with listed shares from 2008 to 2020. The authors proxy for audit quality using discretionary accruals and small profits, and use ordinary least squares regression to test their hypotheses. Findings The results demonstrate that the informal hierarchy of the board improves audit quality. The results are robust to a battery of sensitivity analyses. Additionally, there is weak evidence that the effect of the board’s informal hierarchy on audit quality is weaker in state-owned enterprises. Moreover, the mechanism tests indicate that the board’s informal hierarchy improves audit quality through the improvement of internal controls. In addition, the impact of the informal hierarchy among directors on audit quality further improves firm performance. However, audit fees are not reduced further because the board’s informal hierarchy demands higher audit quality by choosing industry audit experts. Originality/value This study not only enriches the research on the economic consequences of the board’s informal hierarchy but also expands on studies on antecedents of audit quality.

show abstract

Section: Methodssupporting

confidence: 88%

Board informal hierarchy and audit quality: evidence from China

Zhang

Wang

Liao³

2023

MAJ

View full text Add to dashboard Cite

show abstract

“…We used the weighted least squares (WLS) specification (following, e.g., Chen, Podolski, & Veeraraghavan, 2015) to address this issue. The weights are converse 10 We further conduct "system GMM" following Gull et al (2021) where the system automatically creates an instrument; we find similar results (un-tabulated) to those reported in our 2SLS estimation. 11 We ran an analysis based on individual countries and found similar results (un-tabulated).…”

Section: Additional Analysissupporting

confidence: 56%

Firm‐level energy and carbon performance: Does sustainable investment matter?

2022

Self Cite

View full text Add to dashboard Cite

Pollution reduction is one of the important challenges confronting contemporary business and society. Firms are largely responsible for undertaking sustainable business practices and initiatives as they are major contributors to global pollution. This study empirically examines how sustainable investment influences firm energy and carbon performance. Using a sample of 23,501 firm-year observations from 2440 unique firms over the period of 2002 to 2018 in G-6 countries (Canada, France, Germany, Japan, the United Kingdom, and the United States), we demonstrate that sustainable investment leads to better energy and carbon performance without compromising financial return. Our findings are robust to alternative variables, subsamples, and different estimation techniques. This study contributes to the global discussion on sustainability and a low-carbon economy.

show abstract

“…We further explore the issue of multicollinearity by examining the variance inflation factors (VIFs). The maximum VIF value is 2.12 (TQ), which is significantly less than the rule of thumb VIF value of 10 (Gull, Atif, et al, 2021; Saeed et al, 2022).…”

Section: Empirical Results and Discussionmentioning

confidence: 73%

“…Finally, we follow prior studies (Abid et al, 2021; Gull et al, 2018; Gull, Atif, et al, 2021; Nadarajah et al, 2021; Nekhili et al, 2020; Shahab et al, 2021; Wintoki et al, 2012) and use the GMM regression to control for unobserved heterogeneity, simultaneity, and the dynamic relationship between environmental performance and firm performance. We also report the Arellano‐Bond test for AR(1), the Arellano‐Bond test for AR(2) in first differences, and the Hansen test for over‐identification to ensure the accuracy of the GMM regressions.…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

Revisiting the association between environmental performance and financial performance: Does the level of environmental orientation matter?

Gull

Saeed²,

Suleman

et al. 2022

Corp Soc Responsibility Env

Self Cite

View full text Add to dashboard Cite

In this study, we re-examine the nexus of environmental performance and financial performance by benchmarking firms relative to their industry peers based on environmental performance in a given year to identify best-in-class and worst-in-class firms. After correcting for distributional issues while using environmental performance scores (i.e., clustering scores around the median and material differences within industries and time) and financial performance ratios (i.e., the potential impact of extreme values), we find that best-in-class firms exhibit higher financial performance than their industry peers (i.e., worst-in-class and average firms). Our findings are robust to alternative measures of environmental performance (i.e., subdimensions of environmental performance) and financial performance. Finally, our results are robust to different identification strategies. Our findings present important and timely policy implications for firms, ESG fund managers and investors.

show abstract

Female CEO succession and audit fees: evidence from China

Cited by 32 publications

References 95 publications

Board informal hierarchy and audit quality: evidence from China

Board informal hierarchy and audit quality: evidence from China

Firm‐level energy and carbon performance: Does sustainable investment matter?

Revisiting the association between environmental performance and financial performance: Does the level of environmental orientation matter?

Contact Info

Product

Resources

About