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Audit Industry Expertise and Stock Price Crash Risk:A Perspective of the Importance of the Client and the Level of Internal Control
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    Abstract:

    This paper used OLS model to test the impact of audit industry expertise on the stock price crash risk,with the sample data of China listed companies from 2008 to 2014.The empirical study finds that: the listed companies choose their auditors with industry expertise will significantly decrease the future stock price crash risk ;moreover,the importance of the client,the level of internal control and the transparency of Accounting Information will influence the effect of audit industry expertise.

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  • Received:
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  • Online: April 27,2017
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