Does audit firm governance matter to audit quality? Evidence from Turkey

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dc.authoridOcak, Murat/0000-0002-8662-189X
dc.authorwosidOcak, Murat/V-1731-2018
dc.contributor.authorOcak, Murat
dc.date.accessioned2024-06-12T11:16:45Z
dc.date.available2024-06-12T11:16:45Z
dc.date.issued2022
dc.departmentTrakya Üniversitesien_US
dc.description.abstractPurpose This paper aims to examine the effect of audit firm governance on audit quality. Audit firm governance is broken down into two categories, namely, board ownership and engagement partner ownership. Design/methodology/approach Audit firms from Borsa Istanbul and their clients who are quoted there as well were used to test the hypotheses. The final sample covers 1,291 observations at the client level between 2013 and 2019. Ordinary least square was conducted to test the hypotheses. Heckman selection model and instrument variable regression with two-stage least square (IVREG with 2SLS) were also used to control the self-selection and endogeneity problems, respectively. To enhance the validity of the main results, alternative audit quality measures were used. Findings The empirical findings show that board ownership and engagement partner ownership have an impact on audit quality. The results indicate that engagement partners with high shares enhance audit quality only in Big4 audit firms. The positive effect of higher board ownership on audit quality is more prominent in non-Big4 firms. The Heckman two-stage procedure and IVREG with 2SLS were conducted, both of which were consistent with the main results. The results regarding alternative audit quality measures are in accordance with the main estimation results. Originality/value To the best of the author's knowledge, this is the first study examining the impact of audit firm board ownership on audit quality. In addition, this paper further advances the literature by investigating the effects of ownership at engagement partner levels on audit quality in the context of an emerging market, Turkey.en_US
dc.identifier.doi10.1108/JFRA-09-2021-0274
dc.identifier.issn1985-2517
dc.identifier.issn2042-5856
dc.identifier.scopus2-s2.0-85126017052en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.urihttps://doi.org/10.1108/JFRA-09-2021-0274
dc.identifier.urihttps://hdl.handle.net/20.500.14551/24436
dc.identifier.wosWOS:000767384900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofJournal Of Financial Reporting And Accountingen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectTurkeyen_US
dc.subjectAudit Qualityen_US
dc.subjectAudit Firm Governanceen_US
dc.subjectBoard Ownership In Audit Firmsen_US
dc.subjectBoards Of Audit Firmsen_US
dc.subjectPartner Ownershipen_US
dc.subjectEarnings Managementen_US
dc.subjectIndividual Auditorsen_US
dc.subjectGender Compositionen_US
dc.subjectExperienceen_US
dc.subjectPartnersen_US
dc.subjectLevelen_US
dc.subjectOwnershipen_US
dc.subjectImpacten_US
dc.subjectOpportunitiesen_US
dc.subjectDeterminantsen_US
dc.titleDoes audit firm governance matter to audit quality? Evidence from Turkeyen_US
dc.typeArticleen_US

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