The Effects Of Ownership On Audit Fee

At the moment,fierce competition is forcing many auditing firms to attract customers by deducting price.On the other hand,the problem of agency in a company gives the managers or main shareholders subjective motivation and objective opportunity to make actions to maximize their own interests at the expense of others.To disguise their actions,they may be more likely to seek less stringent external oversight.The aims of both sides coincide.Under such environment background,in order to make the audit fee be the reaction of the audit quality and conform to the requirements of the pricing,and to standardize the order of audit market to provide necessary theoretical support,academic circles started to research that may affect the audit fees of economic management.In China,with the continuous opening of the economy in the last 30 or 40 years,the equity structure has diversified.Moreover,at present,the effects of various elements in the equity structure on audit fees have not yet been consistent and determined,and there is still a large research space.In addition,the economic and social factors of the results of the study often because the object of selected sample countries,geographic location,time,sample size and other factors of different and different,so the research of keeping pace with The Times is also very necessary.This study chose the Chinese typical stock market named as A-share market as the research object,selecting the recent six years in 2012-2017 contains the article 60 industry 573 listed companies,a total of1061 new effective data.Including the representative elements in equity ownership structure of listed companies affecting the quality of audit fee.On the basis of literature review and theoretical analysis,the EVIEWS8.0 software was used to carry out multiple linear regression analysis on all variables.Results show that in A-share listed companies of China in recent six years,state-owned ownership,ownership concentration can produce obvious cuts to audit fees,and the degree of the cuts,in turn,increase.However,the shareholding ratio and equity balance of senior executives can positively promote the audit expenses,and the correlation between equity balance and audit expenses is much higher than that of senior executives.In the test results,the impact of institutional shareholding ratio was unexpectedly different from the expected results,showing a insignificant correlation.